Reprint of: Stock salience and the asymmetric market effect of consumer sentiment news

Akhtar, Shumi; Faff, Robert; Oliver, Barry; Subrahmanyam, Avanidhar

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Reprint of: Stock salience and the asymmetric market effect of consumer sentiment news

Date

2013

Authors

Akhtar, Shumi

Faff, Robert

Oliver, Barry

Subrahmanyam, Avanidhar

Publisher

Elsevier

Abstract

We document asymmetric announcement effects of consumer sentiment news on United States stock and stock futures markets. While a negative market effect occurs upon the release of bad sentiment news, there is no market reaction for the counterpart good new