Wall St rises on economy, but Syria concerns limit gains
NEW YORK (REUTERS) - United States (US) stocks closed modestly higher on Thursday as the economy showed signs of improvement, but uncertainty over possible military action against Syria continued to pressure markets.
Talks that could lead to a major deal in which US phone company Verizon buys the part of Verizon Wireless it doesn't already own from Vodafone helped push stocks higher.
Wall Street was solidly higher most of the session but pared gains in the last hour on concerns over Syria. Many in the market expect a strike by the United States and its allies because of an alleged poison gas attack by government forces that killed Syrian civilians.
US officials said a response would be "discrete and limited." "That there will be an attack is priced into markets, but there's no way the market appreciates the implications beyond that if the US were to go to war," said Mr Joe Tanious, global market strategist at JP Morgan Funds in New York.