Impeachment no problem for stocks | Art Cashin's 2020 outlook | First decade without a recession
EDITOR'S NOTE
The historic impeachment of President Donald Trump has not troubled the stock market one bit.
In fact, the S&P 500 has risen about 7% since House Speaker Nancy Pelosi announced a formal impeachment inquiry in September, writes CNBC's Maggie Fitzgerald.
The gains look like those that came around President Bill Clinton's impeachment rather than the losses suffered around the impeachment facing President Richard Nixon before he resigned.
There's nothing like impeachment to motivate politicians of both stripes. Things are getting done in Washington, from budget approval to trade deals, writes CNBC's Patti Domm.
Stocks rose to new highs on Thursday as Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer offered polarizing assessments of the two articles of impeachment.
When it's all over, we'll probably still have the same president since Republicans control the Senate. So as far as markets are concerned, impeachment is a side show — adding a little extra theater to an already drama-prone presidency. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
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