Following the heated debate between US Republican Donald Trump and Democratic Vice President Kamala Harris, investors are quickly adjusting their positions as betting markets show a shift in favor of Harris. Shares of Trump Media & Technology Group, Bitcoin, and crypto stocks fell, while solar stocks and healthcare shares rallied. The debate left investors with few new details on US issues that could impact markets, but online prediction markets now show a stronger likelihood of a Harris win in November.
The recent debate has led to market impacts, with Trump Media & Technology Group shares falling and solar stocks rising. Harris’s proposed policies such as raising the corporate tax rate have the potential to impact sectors like healthcare and tech, while Trump’s focus on tax cuts and tariffs could affect small-cap stocks and cyclical companies. Harris has criticized Trump’s proposed tariffs on foreign goods, emphasizing her plan to offer tax benefits to families and small businesses.
While the US presidential election remains a close race, investors are closely monitoring the shifting political dynamics and their potential impact on various market sectors. As the candidates vie for support and outline their economic policies, investors are preparing for potential market fluctuations leading up to the election.
Source
Photo credit www.aljazeera.com