What the 2024 campaign means for your wallet: The Yahoo Finance guide to the presidential election

The potential rise of inflation due to tariffs and trade policies could negatively affect consumer stocks. However, depending on the approach to healthcare and social security, healthcare companies may benefit under Kamala Harris's agenda.

If Trump's policies lead to renewed corporate tax cuts and deregulation, sectors like technology and financial services might experience gains. Conversely, Harris's focus on tariffs may put pressure on equity markets in the consumer goods sector.

Healthcare stocks could benefit from Harris's proposals aimed at reducing drug costs and expanding healthcare coverage, driving more investment into this sector.