stock market rally: These 7 states stand in the way of a stock market rally; here’s why

The US Presidential elections 2024 have brought in a fresh wave of political uncertainty as there is still no clear understanding about who will ultimately be elected to the White House, Kamala Harris or Donald Trump. There is a stark difference in the data shown by multiple pollsters, making things more confusing and interesting at the same time. Therefore, the US stock market, which is quite dependent on a Presidential election, is finding it very hard to sway with the wind, due to this massive political uncertainty.

Are things at the US stock market troubled due to the Presidential elections?

Earlier, when Joe Biden was still the candidate for the Democratic Party, things were going quite strong for the Republican candidate Donald Trump as he was observed to be nearly steamrolling the sitting President in the first US presidential debate, that nearly forced Biden to exit the presidential race and Harris was inducted in his place instead. During that period, the US stock market was responding well towards the swing in favor of the Republican Party but as soon as Harris joined the election race, things became much more complicated as pollsters kept drawing conclusions that placed both the candidates in a complete deadlock.

Dow Jones Industrial Average, S&P 500, Tesla, Apple are some of the major US stocks that have responded according to the US election trend in recent times, and is expected to continue to do so until the end of the year, suggest reports.

FAQs:

Are the key battleground states still in uncertainty?
Yes, there is still no clear understanding as to which US presidential candidate will ultimately win the key battleground states, as there are major differences in poll and survey data.

Could Donald Trump win all the key battleground states?
There is very less chance that Donald Trump may end up winning all the key battleground states as regions like Pennsylvania have heavy Democratic Party stronghold.