US stock market: U.S Presidential elections 2024: The stock market gives 64% chance to this

The stock markets have already taken an affinity towards Kamala Harris as soon as she entered the Presidential poll race after replacing Joe Biden on the ticket. According to Market Watch, the chances of Harris winning the polls are 64% based on the stock market trends that were earlier behaving in a rather non-predictable manner.

The stock market’s shift towards Harris is a positive sign as it means that the investors are backing the Democrats and counting on them for the country’s economy in the future. Although, this may have little impact on the polls, but the majority share of these investors are voters, and therefore some data extrapolation and analysis can help in understanding the current political landscape, ahead of the US Presidential Elections 2024.

Are investors with Kamala Harris?

if Market Watch’s report is to be believed, Harris is getting strong support from stock market investors across the US, which is evident from the investment amounts and market performance of some stocks rising right after Kamala Harris joined the ticket, following Biden’s surprise exit.

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Can the stock market be a good political predictor?

The stock markets help in understanding voters’ mentality and is an extremely good political predictor ahead of the pols but it also needs to be remembered that the markets may not often reflect what’s really on the cards. For example, in 2016, the stock markets were in favor of Hillary Clinton throughout the elections, but we all know what fate had in store for the Democratic candidate.

Often, it has been observed that the markets do not respond well towards Republican candidates, and rather go for the Democrats, due to a variety of factors. It is now to be seen if the stock market predictions for the US polls 2024 turn out to be true.Also Read : Michael Jordan vs Stephen Curry: Cristiano Ronaldo picks favourite basketball player

FAQs:

Are the stock markets favoring Kamala Harris?
Yes, as of now the market trend is reflecting a good response towards Democratic candidate Kamala Harris, who is steadily gaining stronghold in the polls.

Is the stock markets currently on a rise?
Amid the incoming US polls 2024, coupled with the recession fears, the US stock markets are currently in an unpredictable situation. But, reports suggest it is favoring the Democrats, based on market behavior.