Dow, S&P, NASDAQ All Open Higher in Wake of French Terror Attack

Eiffel Tower ImageFollowing another big rally yesterday, the Dow Jones, S&P 500, and Nasdaq 100 all opened higher again Friday morning, despite latest terrorist attack to hit France.

The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) opened at $185.33, up about 0.2%. This ETF tracks the Dow Jones Industrial Average, also known as the Dow 30, which is comprised of 30 of the biggest and most-owned U.S. stocks.

Meanwhile, the SPDR S&P 500 ETF Trust (NYSE:SPY) opened at $216.79, also up 0.2%.

On the tech side, the PowerShares QQQ Trust, Series 1 ETF (NASDAQ:QQQ) opened at $112.22, a 0.21% gain. This ETF tracks the Nasdaq 100 Index, which includes such heavy-hitting companies as Apple, Amazon, Google, Intel, and many more.

Terror Attack Dominates Global Headlines

The news almost everyone will focus on today is the horrific terrorist attack in Nice, France late Thursday that left several dozen Bastille Day celebrators dead. Armed terrorists driving a large truck plowed through a crowd of holiday revelers and exchanged gunfire with police before finally being killed. Certainly our thoughts and prayers are with the people of France today, but as they say, the show must go on.

Although this attack could hit the pause button on this month’s massive equities rally, don’t expect the markets’ somber tone to last too long. Historically, such events do not have a lasting impact on stock prices, which have clearly put late June’s Brexit crash firmly in the rear view mirror.

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