6 sources·Business

US Markets Brace for Election Day Uncertainty Amid Poll Volatility

Traders are bracing for volatility on Election Day as poll predictions and betting markets reflect fluctuating support for Vice President Harris and former President Trump.

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Updated: Nov 5th, 2024, 11:38 AM ET

Summary

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As Election Day approaches, uncertainty grips U.S. markets with fluctuating poll results and betting market dynamics impacting Vice President Harris and former President Trump's odds. Trump's odds dropped from 67% to 53% before rebounding, while Harris fluctuated from 33% to 47% to 38%. Financial institutions are tightening risk controls, anticipating market volatility amid predictions of mixed outcomes. Analysts emphasize focusing on economic fundamentals amidst political uncertainty, noting strong year-to-date market performance despite recent volatility. With the Federal Reserve's upcoming rate decision and Election Day's results looming, traders are encouraged to remain calm.

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