The Dow’s surge is a calculated response to political turmoil ...Middle East

Analysis by Allison Morrow, CNN New York (CNN) — Financial markets have a way of responding to chaos that often feels icky. Tragedy strikes and traders (or trading algorithms) sniff out a way to make money off of it. On Jan. 6, 2021, with the Capitol in chaos, the Dow closed at a record high. Stocks also went on a tear as Covid-19 killed millions and gutted economies across the globe. This isn’t because Wall Street is full of psychopaths who want to watch the world burn. (Or at least, it’s not only because of that.) Investors make cold calculations moment to moment with a single focus: How will this affect the bottom line of the companies in my portfolio? So what should we make of t

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Last updated : 16 July 2024 clock 01:13 PM

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The Dow’s surge is a calculated response to political turmoil ...Middle East

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