NEW YORK, N.Y. -- President Barack Obama is scheduled to speak to the nation about Syria on Tuesday and that could affect the markets today.
After a volatile day on Friday, stocks ended mostly unchanged. Traders were weighing a weak jobs report for August and the ongoing tensions between the U.S. and Syria.
While stock indexes ended close to where they began, they had rough ride during the day. Stocks opened slightly higher but soon fell after Russian media reported that naval ships were en route to Syria, stoking fears of a wider conflict. The Dow Jones industrial average dropped as much 148 points in the first half-hour of trading.
The S&P 500 index rose less than a point on Friday, to close at 1,655. The Dow ended down 15 points, at 14,922. And the Nasdaq composite rose one point to 3,660.
One clear trend emerged: investors moved money into safer assets. The yield on the 10-year Treasury note fell to 2.94 percent from 3 percent on Thursday. Relatively safe, dividend-paying stocks such as utilities were among the best performers in the S&P 500. Gold rose more than 1 percent.