Israeli military forces destroyed a stockpile of Russian missiles that the Syrian government was reportedly prepared to deliver to Hezbollah, reports CNBC's Seema Mody.» Read More
*Traders adjust positions for weekend with Syria outcome clouded. NEW YORK, Aug 30- U.S. stocks dipped in weak volume on Friday, with the S&P 500 on track for its worst month since May 2012 as investors held off making large bets before a long weekend with the situation in Syria still uncertain.
CNBC's John Harwood updates on comments from President Obama regarding issues in Syria.
NEW YORK, Aug 30- Brent crude oil fell in volatile trade on Friday ahead of a long weekend in the United States as U.S. Secretary of State John Kerry made a forceful case for a "limited" strike against Syria.
*Gold briefly cuts losses during Kerry TV address. *Gold on track for 5.6 percent monrhly gain. NEW YORK, Aug 30- Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high and investors squared positions at the end of the month and cashed in on a recent run-up ahead of a long U.S. holiday weekend.
NBC's Ayman Mohyeldin, reports the latest details from the UN inspections in Syria as they prepare to leave tomorrow. The Syrian people are preparing for a U.S. strike following statements by Sec. of State John Kerry.
Treasury prices rose on Friday after Secretary of State John Kerry made a televised address making it clear that the United States will punish Syrian President Bashar al-Assad for a chemical weapons attack on civilians.
Following statements from Sec. of State John Kerry, Matthew McCormick, Bahl & Gaynor Investment Counsel; and Stephen Wood, Russell Investments, discuss what may be in store for the markets and how tapering could be affected.
CNBC's John Harwood breaks down Sec. of State John Kerry's statements on findings of the used chemical weapons in Syria. Rep. Jackie Walorski, (R-IN), shares what to expect ahead of a conference call with the White House.
*British parliament votes against Syria attack. Secretary of State John Kerry confirmed plans for a "limited" strike against Syria. In a televised address, Kerry made a broad case for limited U.S. military action against Syria for its suspected use of chemical weapons.
Traders continue to assess the situation in Syria. Some of the biggest losers on the Nasdaq today are eBay, Google and Amazon, reports CNBC's Seema Mody.
CNBC's Bob Pisani and market analyst Steve Grasso discuss what would happen to the markets in the event of a U.S. strike on Syria and our involvement in the conflict is longer than originally anticipated.
Former U.S. Ambassador to Syria Theodore Kattouf weighs in on Secretary of State John Kerry's statements on the crisis in Syria and the potential U.S. military action there. "This has to be done quickly; it has to be effective, but not to the extent it entangles us in the civil war," he says.
CNBC Contributor Addison Armstrong discusses the action in the oil market on Secretary of State John Kerry's comments about U.S. military action in Syria. "I would expect to see the oil markets rally higher into the close and end positive," he says.
CNBC's John Harwood says he would be very surprised if we do not see U.S. military action on Syria by Tuesday just before President Obama goes to Russia for the G-20 Summit.
WASHINGTON, Aug 30- U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive bond-buying program. The latest data suggests that's not happening, "said Michelle Girard, chief economist at RBS in Stamford, Connecticut.
Sec. of State John Kerry makes the case for U.S. military action in Syria, saying he feels it is important to discuss directly with the American people. "Findings on Syria are as clear as they are compelling--with our own eyes, we've seen victims with symptoms of chemical attack."
LONDON, Aug 30- European shares hit a six-week closing low on Friday as reduced chances of an immediate military strike on Syria weighed on energy equities due to weakened oil prices, although longer-term market outlook stayed bright.
*Copper stocks reverse trend, rise on LME and in Shanghai. LONDON, Aug 30- Copper fell to a three-week low on Friday, pressured by a stronger dollar and expectations that U.S. stimulus would be withdrawn starting next month, which could hamper growth and crimp the flow of money invested in commodities.
Underlying concern about a possible military strike against Syria made investors wary of being short safe-haven U.S. debt, particularly over a long weekend, traders said. There's position squaring and concerns over potential involvement in Syria.
*Threat of imminent action against Syria recedes. Even though the threat of an imminent western military strike on Syria faded slightly, volatility increased.