The stock market does not have a conscience, it does not grieve when its investors are sad, nor does it respond in jubilation when its investors are happy. The market is simply a thermometer of the health of the economy. It responds to political, weather disruptions, laws being introduced that would affect investors and consumer sentiment toward the economy or certain facets of the economy.
The stock market does not profit nor does it lose when things happen. Its investors are indirectly affected by its actions through their investments as they rise or fall in value. Many investors such as participants in employee retirement plans, households, small and large businesses, charities and many institutions of higher learning are participants of the world of investing.
Who moves the markets? Politicians, the media, weather and Joe and Jane Public’s spending habits.