What Would Happen To Dow 30 If WW3 Broke Out? Stock markets are more sensitive to Economic, Political situations If WW3 starts what will happen to stocks. Nothing happens, because markets already saw WW1 and WW2. But immediate Knee jerk reaction can’t be ruled out.
World War 3:
The US sends the military to North Korea BORDER as tensions with Pyongyang escalate. The United States and South Korea are preparing to roll out their armies across the North Korean border as the threat of World War 3 intensifies. Read the news here.
What Would Happen To Dow 30 If WW3 Broke Out?
Last week Dow Jones Industrial Average Index losses 184 points or 0.86%. The Dow Jones Index opened the week at 21945.64. And went higher after the news of easing tension between the US and North Korea to 22085.81. The Dow Jones 30 Index starts to grind lower to the level of 21641 due to the cautious view of FOMC on low inflation. Finally, the Dow 30 index closed the week at 21674.51.
On my last week analysis, I mentioned resistance for the index is placed at 22100 and the index resisted at 22086. And also mentioned support for the Dow 30 index is placed at 21830 and the index has broken it on the downside. Let’s analyze how the Dow Jones 30 index would pan out coming week.
For coming week the Dow Jones 30 index must hold the support zone of 21440 to 21470. If the support zone was broken then 21160 was the next support. If the support zone holds then the index may bounce till 21945. This week was the make or break week. Let’s watch.
Market Moving Events Coming Week:
1.New home sales on August 23, Wednesday
2.EIA Petroleum Status Report on August 23, Wednesday
3.Jobless Claims on August 24, Thursday
4.PMI Composite Flash on August 24, Thursday
5.Existing Home Sales on August 24, Thursday
6.Durable Goods Orders on August 25, Thursday
7.Baker – Hughes Rig Count on August 25, Thursday
The improvements in the US and North Korea War would also affect the markets sentimentally. So one should keenly have to watch the developments.