Fiery Harris-Trump debate gives Wall Street little new insight

Published On Sep 11, 2024, 4:41 AM

Following a heated debate between Donald Trump and Kamala Harris, investors reacted by adjusting their positions in the stock market. After the debate, betting markets indicated an increased likelihood of a Harris victory, which negatively impacted stocks associated with Trump, particularly Trump Media & Technology Group, which saw a 13% drop. In contrast, stocks related to solar energy, seen as potential beneficiaries of a Harris win, rose. The overall political landscape remains uncertain, with investors wary of broader economic factors such as potential interest rate cuts and a softening economy.

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Stock Forecasts

DJTView DJT chart on TradingView

Negative

Trump Media & Technology Group's stock is likely to continue facing challenges as investor sentiment shifts towards a potential victory for Harris, reflecting the results of the debate.

TANView TAN chart on TradingView

Positive

Solar stocks may become increasingly favorable as investors position themselves for possible policies beneficial under a Harris administration, especially considering her focus on renewable energy and healthcare reform.

CVSView CVS chart on TradingView

Negative

Healthcare stocks may remain under pressure due to Harris's proposals to reduce drug prices, which could negatively impact profit margins for health insurers.

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