How will Wall Street react to a Trump or Harris win in US election? Here's the breakdown
US stock markets are also in a complete state of uncertainty with respect to the US elections that begin in a few hours. There is still no understanding as to which candidate has the lead in this poll race, with many claiming that Trump has recovered as a very strong prospect in the last few weeks leading up to the polls, while others are maintaining the fact that Kamala Harris is still rock-solid in the Presidential election race.
The biggest problems surrounding Wall Street at this point will possibly not go and answered after the elections, as issues like the historically high valuation may be catered to at the earliest. With Dow Jones Industrial Average and S&P 500 being one of the biggest indicators for the presidential race, their indices have now risen to record highs in 2024, with no saying has to which way things will go if Kamala Harris loses.
Meanwhile, 'Trump trades' and company stocks owned by Elon Musk will also be impacted greatly based on Donald Trump's performance in the presidential race, which will soon start becoming quite clear after the polls start coming to an end. As Elon Musk has invested greatly into Donald Trump and the Republican presidential campaign, there is no telling as to what is in store for him and his stocks in the instance Trump loses.
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