Comment by ajam1507
1 day ago
It's extremely common to release negative news on Friday after the markets close. It happens nearly every Friday.
1 day ago
It's extremely common to release negative news on Friday after the markets close. It happens nearly every Friday.
Is 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
There 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.
Right, 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
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