The US presidential race for November has become a focal point for investors, influenced heavily by the recent debate between Trump and Harris, resulting in significant market shifts.
Shares of Trump Media & Technology Group plummeted by 13%, and other related stocks fell as betting markets shifted towards a stronger outlook for Harris after the debate.
Markets reacted strongly to the outcome of the debate, with betting odds indicating a rising likelihood of a Harris victory, shifting from 53 cents to 55 cents on PredictIt.
Despite the political landscape's volatility, the overall market showed resilience with the S&P 500 still up approximately 15% for the year, although recent job reports raised concerns.
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