Stock Market Reaction to Trump's Conviction Prediction

SOURCE www.mediaite.com
Markets were up the day after a Fox Business guest predicted a crash following Donald Trump's conviction. Despite the conviction, markets saw gains, with Dow Jones up 1.5% and S&P 500 up 0.8%.

Key Points

  • Despite the prediction of a market crash following Trump's conviction, markets actually saw gains.
  • Republicans are framing Trump's conviction as a potential catalyst for a second term in the White House.

Pros

  • Markets saw gains despite the predicted crash.
  • Dow Jones was up 575 points, a 1.5% gain.
  • S&P 500 notched a 42-point gain, or 0.8%.

Cons

  • The NASDAQ was down slightly, shedding 0.4%.