5 months ago
24
The impact of the attempted shooting of former President Donald Trump last week was felt not just in the polls and the media but in the stock market, as well.
After Trump was shot at a rally in Pennsylvania, pollsters and media outlets predicted that the failed assassination would be a benefit to the Republicans during the upcoming election. Investors, predicting that another Trump presidency would be friendlier to business and likely come with deeper cost cuts, reacted accordingly. On Monday, the Dow jumped 210 points by the end of the day while shares of several publicly traded companies in the healthcare, financial services and consumer goods sectors also rose.
“Markets rose after the failed Trump shooting because many believed this failed attempt would increase the likelihood that voters would gather behind Trump and further galvanize his base,” said Adam Koprucki, founder of the investing website Real World Investor with experience at J.P. Morgan and Citibank.
Continue reading this article on glossy.co. Sign up for Glossy newsletters to get the latest on the business of beauty, fashion and pop culture.
English (US) ·