Wall Street falls, ends worst month since May 2012
NEW YORK (REUTERS) - United States (US) stocks fell in a thinly traded session on Friday as the S&P 500 index recorded its steepest decline since May 2012 and investors avoided making large bets before a long weekend with the situation about Syria still uncertain.
Afternoon trading was volatile, with indexes swinging between break-even levels and solid losses as US Secretary of State John Kerry said in televised remarks that Syria's government used poison gas against civilians and made the case for a limited military response.
President Barack Obama said later he has not made a final decision on a response to Syria.
"People are uneasy not knowing what's going on," said Mr John Carey, portfolio manager at Pioneer Investment Management in Boston. "With that uncertainty and going into the Labor Day holiday, we're seeing people step back." The S&P 500 fell 3.1 per cent in August and lost 1.8 per cent for the week in a third decline in the past four weeks.