How Will the US Election 2024 Results Affect the Stock Market and Economy?

Donald Trump and Kamala Harris are at a neck-to-neck battle in the current US Presidential election battle, with no saying as to what might ultimately go on in the US stock market due to the ongoing political scenario, especially after the US election 2024 results. There is still no clear understanding as to which candidate currently has the edge over the other, even when polling booths have already opened up across multiple states.

US election results 2024: Will the US stock markets see a surge upon a Trump win?

Today is more like the final exam of both the Presidential candidates in contention for the White House, and previous reports have claimed that the US stock markets could see a major impact based on the US election 2024 results. Some are even anticipating a stock market crash in the current circumstances, due to the massive uncertainty this time.

A complete Trump sweep in the US elections results would mean an upliftment and surge in the 'Trump trades', where global investors are heavily invested at the moment. With Trump's promised economic policies being quite expansionary, a political gridlock with Kamala Harris would mean that things would end up being technically equity market-negative. Even if Trump comes to power with a split Congress, it would not be quite a great news for a major set of stocks.

What could a Kamala Harris sweep mean for the US economy?

Meanwhile, a complete Democrat sweep would end up creating an imminent effect on the US dollar, along with some adverse effect on the US stock market due to higher income tax, and increased financial regulation. Meanwhile, a previous ET report has stated that a full Democrat sweep has the potential to trigger nervousness in global equities

Also Read : Will Donald Trump win a landslide in U.S election 2024? Here's what Nate Silver is saying

FAQs:

Are the US election results 2024 out?
No, the US election polling has just begun on November 5, with some days to go for the final understanding of the winning Presidential candidate.

Has the US Presidential election begun?
Yes, the US Presidential election has finally begun, with major polling booths opening up in the early hours of November 5.