According to “The Huffington Post,” on July 5, 2016, the United States stock market rose after the director of the Federal Bureau of Investigation (FBI), James Comey made an announcement regarding Hillary Clinton. Director Comey recommended the Department of Justice not to pursue charges against the presumptive Democratic presidential nominee Clinton. Director Comey came to this decision after there was no evidence of intentional misconduct discovered during the FBI’s thorough investigation into her emails. The slight increase was first observed before the closing bell on Tuesday afternoon.
Paul Krugman is an American economist and in 2008 he won the Nobel Memorial Prize in Economic Sciences. He stated, the increase in the stock market was a way for investors to show their pleasure in Director Comey’s decision. Krugman also mentioned the pleasure might be associated with the lowered possibility the presumptive Republican presidential candidate Donald Trump would win in the general election in November 2016.
It has been previously projected that the United States stock market would collapse if Trump was elected. It has been claimed, the positive news for Clinton was good news for investors and bad news for Trump.
Written by Kristina Lasher
Edited by Cathy Milne
The Huffington Post: Bad News For Trump Is Good News For The Stock Market
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