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US Stocks Retreat After Big Gains

Business News

0  Updated at 3:31 pm, September 12th, 2013 By: ABC Digital
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iStockphoto/Thinkstock(NEW YORK) — After three consecutive triple-digit gains for the Dow Jones Industrial Average, the market pushed the pause button.  

Many investors headed to the sidelines before the Federal Reserve’s policy statement next week. Traders also continue to watch developments in Syria. The Dow lost 26 points to close at just over 15,300. Nasdaq Composite closed off 9 points at 3,715.97.  The S&P 500 slid 6 points to 1,683.42.

Dell says it appears shareholders have approved a nearly $25 billion offer from its founder, Michael Dell, to buy the company and take it private.

A federal bankruptcy judge in New York has approved American Airlines’ plan to emerge from bankruptcy protection and merge with US Airways. The airline must still resolve a lawsuit filed by the federal government, which is seeking to block the mega-merger.

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