Explainer
What the Harris-Trump Election Means for Markets
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One of the most crucial events of the year — the US presidential election on Nov. 5 — is days away. For Wall Street, the race between Vice President Kamala Harris, the Democratic candidate, and Republican former President and nominee Donald Trump adds a layer of volatility at a time when uncertainty about interest rates, the labor market and conflicts in Europe and the Middle East are already testing investor nerves.
While polls have the two candidates neck-and-neck, so far the uncertainty isn’t bothering investors. The S&P 500 Index has inched ever higher this year, notching 47 record highs in 2024 — and stocks may get another boost after the election, as has historically been the case.