It Took the Market 30 Minutes to Digest Trump Jr. Email Drama
- Major U.S. indexes reverse on Donald Trump Jr’s email release
- Stocks had been inured to Washington tensions since Comey drop
How Investors Are Reacting to the Trump Jr. Emails
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It wasn’t a big move, and nor did it last long, but it was enough to remind bulls that the market hasn’t gone completely deaf to politics.
The Dow Jones Industrial Average erased about 160 points in 20 minutes and volume in the most widely traded S&P 500 futures tripled as a gut check landed on traders just after 11 a.m. in New York Tuesday. The catalyst was the release of emails by Donald Trump Jr. that said the Russian government backed his father’s presidential campaign and was trying to damage Hillary Clinton.