1. The Market after 9/11
... , and money flooded into Treasury bonds. European markets closed in negative territory, led by insurance stocks and financial houses, as traders reacted to explosions at ground zero, what is considered to be the worst terrorist attack in its history. "This is a major, major act of war and act of terrorism that will have widespread economic consequences," said Jeremy Siegel, professor of finance at ... the Wharton School of Business. And he was right in many ways. The markets in the USA was closed for a couple days after the incident, bond markets had ... by tens of thousands of layoffs....
- Word Count: 299
- Approx Pages: 1
- Grade Level: Undergraduate