A tight U.S. presidential race is leading some investors to brace for an unclear or contested election result that could trip up this year’s booming stock...
FILE PHOTO: U.S. Vice President Kamala Harris and former U.S. President Donald Trump in combo photographNEW YORK - A tight U.S. presidential race is leading some investors to brace for an unclear or contested election result that could trip up this year’s booming stock market rally.
"Markets do not like uncertainty, and they certainly would not like the fact that we don't know who the president of the United States is a day or two after the election,” Todd said. "It's really not so much about the outcome as it is about the potential risk of the morning after, of the election not being considered valid by a large part of the population," he said. "That to me is a real risk ... a litigated outcome, where the stock market probably sells off."Markets were largely unperturbed by Trump’s attempt to overturn the results of the 2020 election. U.S.
From election day of 2000 until Gore conceded in mid-December, the S&P 500 slumped 5%, when sentiment was also weighed down by unease about technology shares and the broader economy. The index slid 7.6% for the November/December period overall in 2000.
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