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Why the Dow closed at a record even as a violent mob stormed the Capitol

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A mob stormed the U.S. Capitol on Wednesday, but investors showed little reaction — lifting the Dow Jones Industrial Average to a record close and showing little appetite for traditional safe-haven assets despite violent scenes that forced the temporary halt of legislative business in what’s certain to go down as a dark day in American history.

That’s because the invasion of the Capitol did nothing to change expectations around the political and economic outlook.

Read: Presidential election confirmation paused in Congress after protesters storm Capitol building in Washington

Instead, the driving force behind the session’s stock-market gains and other…



Source marketwatch.com

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