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AnnaLee

(1,398 posts)

7. Nope - Stocks were down on opening, little changed at 10AM

Reply to pampango (Reply #5)

Sat Jun 30, 2012, 10:06 AM

Jun 2012

The announcement was made long after the giant fall. Both the crash on opening and the upside at the end of the day were probably Europe news. The ACA affected some related stocks (health care, insurance, etc.) but not the trend drama that occurred Thursday and Friday.

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Wall Street's Verdict on Upholding the ACA [View all] babylonsister Jun 2012 OP

Health insurance stocks are near an all-time high MannyGoldstein Jun 2012 #1

Yes, that's why most just fell nobodyspecial Jun 2012 #2

The bigger picture is more illustrative: MannyGoldstein Jun 2012 #3

See that big dip in the middle? nobodyspecial Jun 2012 #11

So let's compare to the S&P 500: MannyGoldstein Jun 2012 #14

Fighting a lost cause Aerows Jun 2012 #15

They then transfer funds to doctors, hospitals, and testing clinics treestar Jun 2012 #8

You may as well bang your head against a wall Aerows Jun 2012 #16

um...that's not at all why the markets were up ProdigalJunkMail Jun 2012 #4

DING! You are correct, this is the reason stocks were up on Friday flamingdem Jun 2012 #10

I thought stocks were down on Thursday after the decision was announced in the morning, then pampango Jun 2012 #5

Srocks were down before 10am, but the ACA ruling was a surprise so if in fact banned from Kos Jun 2012 #6

Nope - Stocks were down on opening, little changed at 10AM AnnaLee Jun 2012 #7

Insurer stocks continue to fall after ruling... SidDithers Jun 2012 #9

Also consider: Europe's debt crisis was averted. n/t BadgerKid Jun 2012 #12

The EU has averted exactly nothing zoechen Jun 2012 #13