Amid a whirlwind of global activity, including the shoot-down of a Russian fighter jet by the Turkish military, Wall Street made some modest advances today thanks to gains in oil prices and energy stocks. Chris Faulkner-MacDonagh, market strategist at Standard Life Investments commented on today’s event near the Turkish-Syrian border:
“Today’s terrible news about the downing of the Russian jet and the sharp sell-off in European equities reminds us it’s been a pretty nervous year for investors. Certainly the geopolitical tensions are front and center on people’s minds today and over the next couple of days, but as soon as that lifts the focus goes on the Federal Reserve.”
Meanwhile, Art Cashin, USB Director of Floor Operations at the NYSE told CNBC’s “Squawk Alley” today:
“If more terrorist attacks come back in Paris … you would see the market react very, very strongly. It would show a French vulnerability that people are not assuming quite yet, and that would be potentially horrific for the market.
Watch more of Art Cashin below.
Here are the final numbers from Tuesday, 11/24/15 on Wall Street:
Dow Jones Industrial Average: 17,812.19 (+19.51/ +0.11%)
NASDAQ: 5,102.81 (+.33 / +0.01%)
S&P 500: 2,089.14 (+2.55 / +0.12%)