Some U.S. stocks could face more volatility next week as President Donald Trump and rival Joe Biden face off in their first debate ahead of a November election that betting services currently view as almost a coin flip.
A strong performance in Tuesday's debate by Biden, who currently has a modest lead in betting odds and polls, might boost stocks related to global trade and renewable energy, while a perceived debate victory by Trump could benefit fossil fuel and defense companies.The first of three scheduled debates comes at a fraught moment on Wall Street.
If one candidate emerges stronger on Tuesday,"the debate could be an individual stock and sector play," said Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors.
Source: News Formal (newsformal.com)
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