Dow Gains Nearly 600 Points After Fox Business Guest Predicted ‘Crash’ After Trump Conviction

Markets were mostly up on Friday the day after a guest on Fox Business claimed they would crash in the wake of former President Donald Trump’s conviction.

On Thursday, a Manhattan jury found that Trump falsified business records to conceal hush money payments to cover up extramarital affairs. He arranged the payments to prevent them from becoming issues in the 2016 presidential campaign.

As news broke that the jury had reached a verdict, Breitbart economics reporter John Carney offered a grim prediction if the jury returned a guilty verdict.

“I think markets crash tomorrow if there’s a conviction,” Carney prophesied. “But I think they will bounce back because, look, even if they put Donald Trump in jail, I think the American people will vote him into president. We will vote him into the White House right out of the New York City jail. It’s an outrageous trial.”

“But if there’s a conviction, you think there’ll be a crash?” host David Asman asked.

“I think the markets will do very badly,” Carney replied.

“What are you – talking about a thousand-point loss?” the host inquired.

“I think we’ll see at least a two percent drop,” Carney answered.

On Friday, the Dow Jones Industrial Average was up 575 points – good for a 1.5% gain. The S&P 500 notched a 42-point gain, or 0.8%. The NASDAQ was down slightly, shedding 0.4%.

Republicans have cast Trump’s conviction as a

cataclysmic event that will somehow propel him into the White House for a second term.

Watch above via Fox Business Network.