Futures Rising after Syria Offers to Give Up Chems
September 10, 2013 - 7:34 AM
Palestinians supporters of the Popular Front for the Liberation of Palestine (PFLP), wave their red banners and Syrian flags while chanting anti-American slogans during a protest against a possible military attack by the United States on Syria, in front of the United Nations Special Coordinator for the Middle East Peace Process offices in Gaza City, Tuesday, Sept. 10, 2013. President Barack Obama has been seeking international and congressional support for limited strikes against Assad's government, in response to accusations of chemical weapons use by Syria in an Aug. 21 assault near the capital Damascus. Arabic on banners reads "the aggression on Syria is a violation of international law" and "we call on the free nations and free people on the world to voice their anger and demands to stop the planned aggression on Syria." (AP Photo/Adel Hana)
NEW YORK (AP) — Stock futures are rising and the price of oil is falling for the second consecutive day with a U.S. attack on Syria no longer appearing imminent.
Dow Jones industrial futures are up 91 points to 15,127. S&P futures have added 11.2 points to 1,680.30. Nasdaq futures are up 22 points to 3,187.
The price of crude, which closed above $110 per barrel Friday, has been trading below $109 since Monday.
Syria said Tuesday that it has accepted Russia's proposal to place its chemical weapons under international control so that it can be dismantled. The West has accused Syrian President Bashar Assad of using the weapons on civilians in the country's civil war.
Also on Tuesday, the government reports on job openings and labor turnover for July.
(Copyright 2013 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)