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Wall Street Divided Over Trump and Harris as Election Nears

Executives express concerns over Trump's economic policies and Harris's regulatory stance, reflecting broader uncertainties in the financial sector.

(Twitter)
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Democratic presidential nominee Vice President Kamala Harris addresses the Economic Club of Pittsburgh on the Carnegie Mellon University campus in Pittsburgh, Wednesday, Sept. 25, 2024. (AP Photo/Gene J. Puskar)
Democratic presidential nominee, U.S. Vice President Kamala Harris speaks during a presidential debate hosted by ABC as Republican presidential nominee, former U.S. President Donald Trump listens, in Philadelphia, Pennsylvania, U.S., September 10, 2024. REUTERS/Brian Snyder/File Photo

Overview

  • Many Wall Street executives are undecided between Trump and Harris, citing economic and regulatory concerns.
  • Trump's proposed tax cuts and import tariffs raise fears of economic instability and increased deficits.
  • Harris, viewed as a regulatory continuation of Biden, faces skepticism despite endorsements from economists and CEOs.
  • Trump criticizes Harris's handling of border security, while Harris plans to address border issues during her Arizona visit.
  • Donations from the securities and investment sectors show a financial edge for the Biden/Harris campaign over Trump.