Investors may have less appetite for risk in the aftermath of Monday's Boston Marathon attack, CNBC reported.
The stock market and the economy will move past the Boston Marathon attack "relatively quickly," but there may be some "lingering impact" in terms of investor sentiment, Ameriprise Financial Inc. Chief Market Strategist David Joy told CNBC in an interview from Boston.
Stock futures were pointing higher in pre-market trading Tuesday after the Dow Jones industrial average ended down 1.8 percent, or 265 points, Monday to 14,559, and the Standard & Poor's 500 closed down 2.3 percent to 1,552. Gold plunged 9.3 percent to $1361.10 per ounce, its biggest one day drop since 1980.
"The sell-off on Friday and then again on Monday is reassessment of global growth," Joy told "Squawk Box" before the open. "It's important to point out that most of the weakness yesterday was already in the market when the bombing took place."
"I think the market and the economy at large will move past this relatively quickly," he said, "You may see a little bit less of a risk appetite going forward."