Investors are keenly observing stocks that could be affected by the outcome of the Nov. 5 U.S. presidential elections. Both candidates, Joe Biden and Donald Trump, are engaged in a tight race. A recent Reuters/Ipsos poll indicates that Trump has a marginal lead after an assassination attempt on his life failed.
Key sectors that may be impacted include financials, cryptocurrency, clean energy, and domestic manufacturing among others. Financial institutions, such as JPMorgan & Chase and Wells Fargo, could see gains under Trump due to anticipated easing of regulations. Similarly, Coinbase and other crypto-related stocks might benefit from Trump's perceived crypto-friendly stance.
Meanwhile, green energy firms like First Solar may flourish under Biden's continued support for environmental policies. However, increased oil and gas investment might benefit companies such as Exxon Mobil under another Trump term. Domestic manufacturers and semiconductor producers also have different prospects depending on who wins the presidential race.
(With inputs from agencies.)
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