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It's extremely common to release negative news on Friday after the markets close. It happens nearly every Friday.
by ajam1507 8mo ago
It's extremely common to release negative news on Friday after the markets close. It happens nearly every Friday.
- pinkmuffinere 8mo agoIs there a reason that is done, beyond just tradition? I’m genuinely very curious whether there’s a positive, negative, or negligible impact on economic decision making
- ajam1507 8mo agoThere are several reasons. Most obviously it's because the markets are closed which keeps immediate panic from affecting stock prices. It's also at the start of the weekend so the idea is that people might be more focused on weekend activities instead of the news. Also, news coverage on the weekend is often reheated stories written during the week meaning that a Friday story is less likely to get picked up.
- pinkmuffinere 8mo agoRight, but these “common sense” reasons aren’t very satisfying, it’s easy to imagine scenarios where they’d be wrong. Eg, this is a pretty significant change of US policy, and I can imagine that the weekend will just allow tension to build. I’m more interested in proper studies
- ajam1507 8mo agoI don't think they have to worry about the tension from this particular story anymore.