Investment Updates
Stock Market Is Unfazed By Russia Indictment, Displaying What Makes America Great
Published Friday, February 16, 2018 at: 7:00 AM EST
After a 37-page indictment alleging a criminal conspiracy directed by the Russian government to meddle in the 2016 U.S. presidential election was posted at about 1 p.m. E.S.T. on Friday by the U.S. Justice Department, faith in the nation, as measured by the stock market, remained unshaken. Stock prices barely budged on the news.
Investors faced a week of terrible news. The tragic shooting at a high school in Parkland, Florida overshadowed a drop of 11.8% in stock prices a week earlier. Then came the detailed indictment revealing details of a Russian plot to undermine confidence in the U.S. political system.
The good news is that the stock market's performance on Friday indicated confidence of investors that justice ultimately will be done. Share prices of America's largest companies stayed stable because investors wisely focused on the long-term strength of U.S. economic fundamentals.
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