| JUNE 08, 2011 |
| Stock Returns Are Negative When Air Is Bad |
| Average daily returns on stock indexes for days with unhealthy air-pollution levels range from −0.45% to −0.26%, while on good days, returns are positive, ranging from 0.04% to 0.06%, according to Tamir Levy of Netanya Academic College and Joseph Yagil of Haifa University, both in Israel. Air pollution affects mood, which affects stock prices, the researchers say. |
| Source: Air pollution and stock returns in the US |

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