Stock Market Is Unfazed By Russia Indictment, Displaying What Makes America Great
On Friday, February 16, at about 1 p.m., a 37-page indictment alleging a criminal conspiracy by Russian agents to meddle in the 2016 U.S. presidential election was posted on the website of the U.S. Justice Department.
What’s lost in the headlines is that faith in the nation, as measured by the stock market, remained unshaken; stock prices barely budged, displaying what makes America great
Investors faced a week of terrible news.
The tragic shooting at a high school in Parkland, Florida, overshadowed a drop of 11.8% in stock prices just a week earlier; then came the indictment revealing the Russian plot to undermine confidence in our government.
Share prices of America’s largest companies stayed stable because investors wisely focused on the long-term strength of U.S. economic fundamentals.
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