Published On Nov 5, 2024, 11:42 PM
Futures for the Dow Jones, S&P 500, and Nasdaq have risen significantly following indications that former President Donald Trump is gaining traction in the 2024 presidential race. This development is causing optimism in the stock market as investors anticipate potential tax cuts and deregulation policies that could benefit businesses if Trump were to win.
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Given Trump's favorable survey results, companies in sectors like finance, energy, and consumer discretionary might see increased investor interest due to expected policy changes.
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Investors should also consider ETFs focused on infrastructure or manufacturing, as these sectors could benefit from the anticipated economic policies.
Nov 5, 2024, 10:52 PM
Bitcoin reached a record high and the dollar jumped, signs that traders were positioning themselves for a possible win by Donald Trump.
Nov 5, 2024, 2:11 PM
Interest rate-sensitive areas of the market and cryptocurrencies are among some of the areas expected to see big moves based on who wins the presidential election.
Nov 5, 2024, 4:00 AM
The Federal Reserve and Chairman Jerome Powell have a lot riding on Tuesday's election, even as the central bank has spent 2024 keeping as much distance as it can from politics.