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Wall Street Reaction to Mubarak's Departure


The Stock Market is reacting positively to the news of Egyptian President Hosni Mubarak stepping down. KBND financial analyst Troy Reinhart says the market reacted quickly to the news: “Markets were selling off this morning. They were down, the S & P was down 6 points on news of Mubarak stepping down. Investors were confused and worried about the news. But within 15 minutes, the Markets turned around and were up 5 to 6 points. The equity markets are happy about what's going on.” After weeks of government protests, Mubarak’s resignation clears up uncertainty about escalating tensions in the country.

 

 

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