Surprise after paris but there is growing proof that markets are getting more resilient to terror attacks ever since 9 11. Concerning what happened, it might be a surprise that the cac 40 closed pretty much flat. Couple movers to talk about Consumer Discretionary was the biggest loser, investors pulling example. Mh, for Energy Stocks on the other side. An interesting lack of reaction for the most part. I wonder how the markets have reacted with past terrorist events . Here is a look at past events. Markets have sharp reactions and then increasingly shortlived. You to the s p, oil, and the dollar after 9 11. The s p 500s performance right after september 11, 2001, you see a drop of 12 . Here on september 24, the index starts to pull back up. At levelsr, basically before 9 11. Looking at oil, similarly, the price jumped 6 right on september 11. Once trading resumes, it took three days for it to get back to pre9 11 prices. The same thing with the u. S. Fallingand s p as well, right after
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