Thursday, February 29, 2024

Air pollution and stock market returns in the USA

 

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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