Biden-Trump Debate Fallout Sparks Stock Market Uncertainty
Money | June 30, 2024, 11:33 a.m.
Investors are on edge as President Joe Biden faces pressure to potentially step down from the presidential race after a stumble in his recent debate. With concerns about a new Democratic candidate emerging, the market could see volatility and instability. Potential replacements include California Gov. Gavin Newsom, Michigan Gov. Gretchen Whitmer, and Vice President Kamala Harris. Commerce Secretary Gina Raimondo is also being considered favorably by investors due to her positive impact on key Biden legislation. Regardless of the outcome, experts warn of a bumpy road ahead for investors as uncertainty surrounding the election typically leads to heightened market volatility. As Election Day approaches, investors should prepare for potential fluctuations in sectors impacted by different candidates' policies. The key takeaway: reevaluating and adjusting investment portfolios is critical to managing risk amid political uncertainty.