What would a Kamala Harris or Donald Trump victory mean for the stock market?

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The stock market has soared during the presidential campaign. Will it continue?

In this split image, Republican presidential nominee former President Donald Trump arrives at a campaign rally on Oct. 21, 2024, in Greenville, N.C., and Democratic presidential nominee Vice President Kamala Harris speaks with reporters before a town hall in Mich., Oct. 21, 2024.

Trump policies would favor sectors such as oil and gas as well as artificial intelligence. Meanwhile, firms focused on renewable energy could suffer if Trump undermines financial incentives enacted under Biden, some experts said. Corporations currently face a federal tax rate of 21%, which Harris aims to raise to 28%. Such a tax hike could hinder corporate profits and take some fuel out of the stock market, Reena Aggarwal, a professor of finance and director of the Georgetown Psaros Center for Financial Markets and Policy, told ABC News. But, she added, it remains unclear whether the policy will ultimately become law.

 

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