Wall Street heads for worst day in months following migration order

WVMade

Redshirt
Aug 23, 2016
1,221
0
0
... but at least Donnie's snowflake simpletons feel secure now.[thumbsup]


Wall Street’s ‘fear gauge’ surges 20% in biggest rise since 9 September.

Wall Street’s main indexes were set for their worst day in more than three months on Monday, as President Donald Trump’s orders to curb travel and immigration from some countries sparked uncertainty.


Trump on Friday signed executive orders to suspend travel to the United States from seven Muslim-majority countries on grounds of national security, while also banning refugees from Syria.


Thousands of people rallied in major US cities and at airports in protest. Nike and Starbucks were among the companies that did not support the ban.


“The market is reacting negatively right now because of the uncertainty that it creates,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “If it can pull more Republicans off of the president’s following and maybe weaken his strength in Congress then you start to wonder about the other initiatives that may not get passed.”

 

va87eer

Freshman
Jan 16, 2006
2,555
54
48
Don't worry about the stock market day-by-day. Daily results don't mean anything and writers can attribute gains/losses to whatever they want. Personally I think there is quite a bit of risk in the market right now but there are some select sectors (particularly financial) that should do well in the near term.