Wall Street can deal with whoever wins the presidential election this fall. What investors can’t stomach is a rapid descent into banana republic-style chaos, in which the result is either unclear for months or Trump loses but refuses to leave office
Against that shaky backdrop, Wall Street analysts are increasingly bracing for a chaotic Election Day and a bitter battle to follow that could feature protests and even violence in the streets. The unrest could make it impossible for investors to make new market bets based on the kinds of policies that might go into effect next year, and could even exacerbate concerns about the economy sliding backward with the coronavirus pandemic still wreaking havoc on consumers and businesses.
The United States has seen bitterly disputed presidential election results in the past. In 2000, it took weeks to decide the race between George W. Bush and Al Gore. Legal battles raged over the recount in Florida with the Supreme Court finally weighing in to stop the recount and award the election to Bush. Stocks slid throughout that period.
Today’s far more unsettled environment — for markets, the economy and the political system — risks exploding in unpredictable ways.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Australia shares jump 1.3% on Wall Street rebound, easing border curbsAustralian shares gained more than 1% on Wednesday, tracking an overnight tech-led rebound on Wall Street, while easing border restrictions due to dwindling COVID-19 cases in Queensland and New South Wales also helped boost investor sentiment.
Weiterlesen »
Asian stocks struggle to build on Wall Street gains, dollar risesAsia's stock markets struggled to emulate Wall Street's rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the U.S. dollar to a two-month high.
Weiterlesen »
Wall Street reacts to Tesla's battery day: 'disappointed elevated expectations,' 'one more thing ain't enough'New for subscribers: Wall Street reacts to Tesla's battery day: 'disappointed elevated expectations,' 'one more thing ain't enough' Check out CNBCPro today.
Weiterlesen »
Stocks are mixed on Wall Street as September keeps churningNew York (AP) — U.S. stock indexes are mixed in early trading Wednesday, as Wall Street’s tumultuous month continues to churn. The S&P 500 was 0.2% higher, but trading has been erratic...
Weiterlesen »
Stock market gives up early gains as Wall Street momentum fizzlesNike shares buoyed the Dow for the first hour of trading, but it joined the S&P 500 and Nasdaq in the red as investors tried to build on a bounce a day after...
Weiterlesen »
Wall Street closes lower on fears of a slowing economyWall Street's main indexes fell sharply on Wednesday after data showing a cooling of U.S. business activity and the stalemate in Congress over more fiscal stimulus heightened concerns about the economy while the coronavirus pandemic remains unchecked.
Weiterlesen »