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A look at how the stock market does the week before a presidential election

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Investment Strategy Nyheter

Stock Markets,S&P 500 Index,Kamala Harris

Wall Street is bracing for the U.S. presidential election in 11 days, and uncertainty is running high.

The latest

All-America Economic Survey showed Vice President Kamala Harris and former President Donald Trump locked in a dead heat with less than two weeks to go before the vote. The data also showed Harris with greater support among women, while Trump led with male voters. Pre-election jitters have crept into the market this week. The S & P 500 is down 0.9% week to date, on pace to snap a six-week advance.

Pro crunched the numbers going back through the last 10 presidential elections, and found that the S & P 500 has seen a median gain of 0.76% the week before the vote. The week of the election itself, the broad market index has seen a median gain of 0.56%. To be sure, stocks have been under pressure the week before the election in the last two cycles given the uncertainty around each contest. In 2020, the S & P 500 dropped 5.6% the week before the election, then rallied 7.

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