Stocks Resilient After Terror Attack In Paris

Stocks Resilient After Terror Attack In Paris

$DIA, $SPY, $QQQ

French stocks were resilient after attacks killed scores of people in Paris Friday, reprising a trend in financial markets over the last 15 years where reactions to terror incidents have become increasingly short-lived.

France’s CAC 40 Index closed little changed, paring a drop of as much as 1.2% and even briefly rising 0.3%. The murder of at least 129 people in a coordinated plot linked to Islamist radicals occurred at an anxious time for global stocks, driving geopolitical anxiety to the top of a list of concerns that caused volatility to surge in recent months.

It has been more than 10 years since Europe experienced terror attacks of comparable scope.

Past incidents, such as bombings that killed 191 people on Madrid commuter trains in March 2004 and left more than 50 dead in London in July 2005, spurred selloffs in equities that were erased days or weeks later.

French stocks traded without interruption Monday as Euronext Paris observed its normal market schedule.

People will stand together and act as normal as possible, the terror in Paris will affect what people do in France and throughout Europe, but the markets will operate normally.

Here’s a look at the French terror incident affected the US stock market Monday, as follows:

DJIA +237.77 at 17483.01, NAS Comp +56.73 at 4984.62, S&P 500 +30.15 at 2053.19

Volume: Trade was below average with about 830-M/shares changing hands on the NYSE.

NAS Comp +5.3% YTD
S&P 500 -0.3% YTD
DJIA -1.9% YTD
Russell 2000 -3.8% YTD

Stay tuned…

HeffX-LTN

Paul Ebeling

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