Neck-and-neck fight: Stock market says Harris is winning, but top executives and cryptocurrency traders say Trump is going to win US elections

The US elections are just a few days away and Wall Street is already placing its due bets on the potential future leadership of the country. Reports suggest that Wall Street executives, and even cryptocurrency traders are bidding for Donald Trump’s return to the White House after November.

US elections: Stock market execs supporting Trump?

Many election trend data and surveys from top pollsters have suddenly changed track in the past couple of weeks, and are claiming that Donald Trump has the edge in the US elections. Earlier, many of these poles were only rooting for Kamala Harris as the US President.

Also Read : U.S elections: Here’s who will win the race for White House as per WWHL poll; it predicted correctly in 2016

S&P 500 index pointing to a Harris victory?

Stock market trends around the US elections are saying a very different story, with the S&P 500’s market movements being one of the biggest indicators about which presidential candidate will gain control of the White House. The sudden rise in the S&P 500 index summer indicates that the stock market is expecting Kamala Harris to win. The fall of the S&P 500 index looks like a major improvement on the part of the Democrats, as the last month saw the index reach new lows.

Since poll data are based on assumptions and analysis, stock markets are instead take it as much more important indicators for the elections, as real money is involved in the circumstances.

Also Read : This is the single worst decision made during the US elections and it could hurt Harris very much, says Nate Silver

FAQs:

Is the stock market supporting Trump?
A large part of stock market executives are rooting for Donald Trump, well some of the market indexes are indicating towards Kamala Harris victory. Is the US election race very close this time?
The US election 2024 race is as close as it can get with no candidate having a clear advantage in the poles, not even in the keys swing states, claim reports.

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