S&P 500 rise suggests favorable trend for Kamala Harris in 2024 election
livemint.com — October 24, 2024, 06:00 PM UTC
Recent analysis by LPL Financial indicates a strong link between stock market performance and presidential election outcomes. Historically, when the S&P 500 rises in the months before an election, the incumbent party wins 80% of the time. Currently, Vice President Kamala Harris and former President Donald Trump are in a close race. The S&P 500 has increased over 12% since August 5, suggesting a favorable trend for Harris ahead of the November 5 election. Despite positive stock performance, many voters still view the economy negatively. A recent poll shows 62% of registered voters consider the economy "bad," reflecting ongoing concerns about inflation and living costs.