Answers are grounded in this paper and cite their sources.
Although it is obvious that stock prices respond to events, it is not easy to match particular events to particular changes in stock prices. For example, Cutler, Poterba, and Summers (1989) chose the 50 largest
No takes yet. Share an insight, caveat, or question.
Ray C. Fair (2002) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: