Stocks Decline after Kerry Addresses Syria

U.S. stocks decined on Monday, after Secretary of State John Kerry said the United States would hold Syria accountable
for using chemical weapons. The Dow Jones industrial average was down 64.05 points, or 0.43 percent, at 14,946.46. The
Standard & Poor’s 500 Index was down 6.72 points, or 0.40 percent, at 1,656.78. The Nasdaq Composite Index was down 0.22
points, or 0.01 percent, at 3,657.57.

There can be no doubt that the Syrian government used chemical weapons against rebels, and President Barack Obama will
decide how to respond, said U.S. Secretary of State John Kerry on Monday.

The U.S. government will hit the debt ceiling and be unable to borrow money to pay its bills in the middle of October unless Congress votes to increase the federal debt ceiling, Treasury Secretary Jacob Lew said Monday.

Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday.

McDonald’s is set to hatch a fast-food menu item in a fast-growing category it wants to own: chicken wings. It plans a limited-time roll-out of its “Mighty Wings” starting Sept. 9 — with a nationwide roll-out to be complete by Sept. 24, says Leslie Truelove, director of marketing at McDonald’s USA.

The parent of American Airlines posted a record $292 million profit in July, a sign the bankrupt carrier is able to compete on its own even as it continues to lobby for a merger with US Airways (LCC).