Investors look on U.S. Capitol breach with ‘muted reaction,’ worry if escalates
- The scene of supporters of US President Donald Trump rushing into the Capitol to undo Trump’s election losses shocked the world on Wednesday.
- Most investors view the turbulence as a short-term event and are unlikely Asset prices have a lasting impact.
- After a vote on control of the Senate in Georgia on Wednesday, control of the Senate passed to the Democrats, which helped the S&P 500 and Nasdaq to set new records. The stock market has indeed increased.
- Prices for gold and The Cboe Volatility Index, known as Wall Street’s fear gauge ended lower.
- Chief Investment Strategist at Inverness Counsel in New York, cautioned that if the situation escalates stocks could be hit but said investors were taking it in stride.
- Prices for crude oil may be one area that could be vulnerable to profit-taking if the unrest in the Capitol grows more serious.
- Most investors remained confident that the situation would remain contained.
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