Investors React Quickly Post Trump Harris Debate

Published: Sep 11, 2024 Duration: 00:02:42 Category: News & Politics

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investors are rushing to adjust their positions following the highly anticipated debate between us Republican Donald Trump and Democratic vice president kamla Harris after the debate betting markets shifted in favor of Harris shares of trump media and Technology Group which owns truth social dropped 13% on Wednesday afternoon other Investments associated with Trump such as Bitcoin and cryptocurrency stocks also declined solar stocks which are expected to benefit from a Harris Victory Rose while healthc care shares decreased during a contentious debate on Tuesday night Trump and Harris debated various topics including the economy and immigration each aiming for a moment that could change the course of the campaign their exchanges provided investors with a few new insights into key us issues such as tariffs taxes and regulations that might influence the markets online prediction markets indicated an increased likelihood of a Harris win in November Harris's odds in predicted 2024 presidential general election Market improved to 55 cents from 53 cents before the debate while Trump's odds decreased from 52 cents to 47 cents the S&P 500 experienced its worst weekly percentage loss since March 2023 last week following a second consecutive disappointing jobs report though the index is still up approximately 15% this year some investors believe that even a minor shift in perceptions of the candidates could be crucial in a race that may be decided by a few thousand votes in key States polling averages compiled by the New York Times indicate that the candidates are effectively tied in the seven Battleground States likely to determine the election the US presidential debate achieved its goal by giving one candidate a decisive Edge in what has been an exceptionally close race stated charu chanana head of FX strategy and Global Market strategist at saxo crypto and energy stocks might face challenges as Market sentiment adjusts to the evolving political landscape Trump has positioned himself as a pro cryptocurrency candidate the stock fell by as much as 18% reaching a new post IPO low of $153 Bitcoin remained relatively stable on the day after dropping nearly 4% while of some cryptocurrency focused companies including crypto minor Riot platforms also declined [Music]

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