Stocks Slam, Nasdaq Falls 2%

U.S. stocks were slammed on Tuesday by unease over a possible U.S. military strike against Syria. The Dow Jones Industrial Average shed 170.33 points, or 1.14%, to 14,776.13. The S&P 500 index fell 26.30 points, or 1.59%, to 1,630.48. The Nasdaq Composite declined 79.05 points, or 2.16%, to 3,578.52.

U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter.

U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter.

Oil futures settled above $109 a barrel on Tuesday. Crude oil for October delivery (NMN:CLV3) rose $3.09, or 2.9%, to settle at $109.01 a barrel on the New York Mercantile Exchange.

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