8 Jan 2021

Markets largely unaffected by US unrest

From Morning Report, 8:53 am on 8 January 2021

The US sharemarket has all but shrugged off the unrest on Capitol Hill - and it's not the first time the market has done that. 

The Dow Jones, Nasdaq and the S&P 500 are all tracking upwards for a second day, the Nasdaq up more than two percent at the moment.

As long as the turmoil doesn't have a direct affect on company earnings or economic growth, investors kept buying stocks.

Big shocks like 9/11, the financial crisis and Covid-19 lockdown directly affected consumer and corporate spending - so that brought the markets down.

Mark Lister from Craigs Investment Partners told Jonathan Mitchell, the US sharemarket is in a mood to keep going up.