Russian Invasion Triggers ‘Scary’ Stock Market Correction—Here’s How Major Geopolitical Shocks Have Rattled Markets Before

The “knee-jerk reaction is always very scary,” but geopolitical shocks to the market are “not a time to panic,” Ives said, adding that similar selloffs since 2000 have traditionally presented a good buying opportunity for large, profitable tech stocks like Microsoft, Apple and Adobe—a sentimentOthers agree: Though a major conflict between Russia and Ukraine could be “devastating” overall, stocks will likely be able to withstand the geopolitical struggle, says LPL Financial chief market...

After the Sept. 11 terrorist attacks in 2001, the S&P 500, which fell as much as 2% Thursday before paring losses to 1%, tumbled nearly 12% over a period of 11 days, but it recouped those losses after a month—even though the resulting crisis plunged the nation into war. Similar shocks also resulted in short-lived selloffs: The S&P tumbled nearly 7% in one day after the Cuban Missile Crisis in 1962, but it recouped losses in four days, and though it fell 4% after military rebels attacked one of oil giant Saudi Aramco’s key refineries in 2019, the index bounced back after 41 days.

In the greatest geopolitical shock to U.S. markets, the S&P plunged as much as 19.8% in the six months after Japan attacked Pearl Harbor in December 1941, thrusting the nation into World War II; the index recovered within 307 days, but the war dragged on for four years.“Geopolitics have a history of rattling markets, and stocks are likely to be on edge for the next several weeks,” Lindsey Bell, chief markets strategist at Ally Invest, said in emailed comments Thursday.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major mutual fund companies double down on explaining market volatility during unrestMarket volatility in the wake of Russia's invasion of Ukraine led major mutual fund companies to reiterate guidance to investors on weathering the storm. He got poke in the ass
Source: FoxBusiness - 🏆 458. / 53 Read more »

Russian invasion in Ukraine sparks stock-market rout, with Dow industrials tumbling nearly 800 pointsU.S. stock gauges tumble Thursday morning as Russia mounts a wide-ranging and long-feared attack on Ukraine, drawing sanctions from Western nations. This can be done in many ways. As we know teachers are generally helpful, considerate,encouraging and forthcoming towards their students, that's how the GREENHASHESBOT has been so helpful any amazing. GOP still praising Putin?
Source: MarketWatch - 🏆 3. / 97 Read more »