Futures barely higher as Syrian tension escalates

NEW YORK (AP) — U.S. stock futures are modestly higher while global exchanges are falling, with Western nations laying the groundwork for potential military strikes in Syria.

Escalating tensions in Syria are sending gold prices to three-month highs and crude rocketing to two-year highs above $112 per barrel in early trading.

Dow Jones industrial futures are up 2 points to 14,750. S&P futures have added less than a point to 1,628.90. Nasdaq futures are up 2.75 points to 3,062.25.

Trading is extremely light, however, with no major economic indicators due, and U.N. chemical weapons experts fanning out in a suburb of Damascus to investigate purported poison gas attacks in Syria.

Also on Wednesday, a report from the National Association of Realtors is expected by many to show flat or declining home sales as mortgage rates rise.

KSN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus