While you were sleeping: Iraq concern weighs on stocks

Tue, 24 Jun 2014

By Margreet Dietz June 25 (BusinessDesk) - Wall Street declined as Iraq’s violence escalated into cross-border hostilities with Syria, bolstering concern about the stability of the Middle East and overshadowing better-than-expected data on US consumer confidence and new home sales. The Wall Street Journal reported that Syrian warplanes struck targets in western Iraq, killing at least 50 people. In the final hour of trading in New York, the Dow Jones Industrial Average shed 0.48 percent, while the Standard & Poor’s 500 Index slipped 0.1...

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