Not Even A Riot At The Capitol Can Keep Stocks Down As Dow, S&P 500 And NASDAQ Hit Record Highs“”Again
- Date: 08-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Not Even A Riot At The Capitol Can Keep Stocks Down As Dow, S&P 500 And NASDAQ Hit Record Highs“”Again
Topline
Just one day after a violent mob of supporters of President Trump stormed the U.S. Capitol Building in an attempt to overturn the results of the presidential election and amid calls in Washington to remove President Trump from office, U.S. stocks soared to all-time highs again on Thursday—seemingly unaffected by the chaos unfolding on Capitol Hill. Here's why.
Members of the Swat team patrol and secure the Statuary Hall before US Vice President makes his way ... [+] into the House Chamber, at the US Capitol, on January 7, 2021 in Washington, DC.
AFP via Getty Images
Key Facts
All three indices closed above previous records on Thursday, with the S&P 500 closing with gains of 1.5%, the Dow Jones industrial average up 0.7% and the tech-heavy Nasdaq up 2.5%.
They performed similarly on Wednesday, even though the market closed while Trump supporters were still present in the Capitol Building, because “investors for the last couple of weeks stopped doubting the transition,” said Vital Knowledge founder Adam Crisafulli.
Crisafulli added that markets on