Trump assassination attempt boosts economy

PHARR, Texas (ValleyCentral) — Saturday’s assassination attempt on Former President Donald Trump made a strange new impact on the U.S. economy, as stocks have increased since the incident.

This boosted the Dow Jones average by half a percentage point, going against historical records. President Ronald Reagan’s assassination attempt plunged the Dow to 1.4% and the death of President Kennedy to 2.9%.

The University of Texas Rio Grande Valley Finance Professor, Siamak Javadi explains the difference came about because of the instant media coverage.

"The news got out almost immediately, so there was no uncertainty around that.”

This sparked confidence in the stock market, according to local tax agent Ascencion Guzman. He explains the thought process of people investing after the shooting.

"This is a businessman; he just came out on the news. Something extreme happened to this guy. What stocks does he have? And usually, that’s how people think.”

The boost comes in large part from Trump-affiliated businesses. Javadi says this turns into long...