Terror Attack Doesn’t Move Markets

Mar 22, 2016 | Market Commentary

Friends

Just when we were settling in for a quiet week before the Easter holiday, we woke up this morning once again to news of terrorist attacks overseas. As in these situations before, it is difficult to comment on what happened in the stock market when lives have been lost and a whole world rattled, but it’s our job-so we’ll do our best.

Actually, markets had very little reaction to the horror in Brussels. Stocks showed little volatility with the market averages selling off slightly at the open but then drifting back and forth between positive and negative territory for the rest of the trading session. By the close, the Dow Jones Industrial Average was down 41 points to finish the day at 17,582. The S&P 500 was down 1 point to close at 2049. Gold was up $4 to trade at $1,248 per ounce, while oil, now measured by the May contract, was down $.05 to trade at $41.47 per barrel WTI.

We’ll leave it at that for today. Hug a loved one and send thoughts and prayers to those affected.

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