The Dow Jones Industrial Average has dropped more than 100 points today following President Donald Trump’s tweet that missiles would be on their way in Syria. In today’s Intraday Update, we…
•…note that the market isn’t taking the threat of imminent war too seriously;
•…highlight a big jump in AeroVironment (AVAV) and a drop in CBS (CBS);
•…keep an eye on Envision Healthcare (EVHC).
And even equity markets aren’t freaking out too much. The CBOE Market Volatility Index, or VIX, has dropped 2.3% to 19.99 at 1:44 p.m. today, implying markets are slightly less scary, even if they won’t necessarily stay that way. “[Markets] seem to have calmed down a little following Trump’s Timely if Truculent Trade Tirade (Alliteration, anyone?),” writes Cumberland Advisors’ David Kotok. “Of course, calm is short-lived when missiles are flying in the Middle East.”
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