Forget the President. Senate May Matter More for Markets
- Fate of stimulus spending, tax changes lies in the balance
- Health-care, energy sectors to be in focus after election
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While many investors are zeroing in on the U.S. presidential election in November, a trickier political equation could be even more important in determining winners and losers in markets: which party controls the Senate.
Many political analysts at this point expect the Democratic Party to remain the majority in the House of Representatives regardless of who wins the presidential race. Control of the Senate is harder to predict. Of the 100 seats, 35 are up for election this year and Republicans will be defending 23 of them -- with their three-seat majority in the balance.