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S&P 500 (^GSPC)
| Previous close | 5,235.48 |
| Open | 5,243.21 |
| Volume |
| Day's range | 5,191.68 - 5,280.33 |
| 52-week range | 4,103.78 - 5,341.88 |
| Avg. volume | 3,970,607,777 |
- Yahoo Finance Video
Trump conviction will be 'a blip' for elections, expert says
Following former President Donald Trump's felony conviction in his hush money trial, concern has sparked around how this legal development will influence voter sentiment in the upcoming presidential election. BTIG's Director of Policy Research Isaac Boltansky joins Catalysts to discuss the potential impact on voters and markets (^DJI, ^IXIC, ^GSPC). Boltansky cites current polling trends that recorded how voters would react to a Trump conviction, revealing "he would lose on average about 6 points of support." However, he notes that the lost support did not shift toward supporting Biden but rather fell into the "unsure" category. This suggests "that there is going to be a temporary drop in support here that could easily revert back to Trump," with Boltansky describing it as "a blip" in the overall election picture. Regarding which candidate would be better for markets, Boltansky says, "There's a reason that 60-plus percent of Americans don't want either candidate. But when we peel back some of the layers, we understand the nuanced differences in their policies that can then help you make an investment decision." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Follow Yahoo Finance's coverage of President Trump's trial verdict with the latest articles and news segments: Why Trump's Wall Street donors don't care about guilty verdict 8 Trump losses in a row, and counting Trump's convictions may make 'suburban enclaves' harder to win With Trump found guilty, what's next for his candidacy? Trump must take 'drastic actions' to secure votes: Strategist Trump-friendly billionaires from Elon Musk to Bill Ackman offer new support following conviction Trump, Biden will struggle to 'speak over the headwinds'
- Yahoo Finance Video
Expiring tax cuts explain billionaires' support for Trump: Expert
Donald Trump's guilty verdict in his hush money trial has brought out a number of prominent figures who have made their allegiance clear. Some of those prominent figures include Tesla CEO Elon Musk (TSLA) and hedge fund manager Bill Ackman. Gautam Mukunda, Harvard Kennedy School research fellow and author of “Picking Presidents,” joins Asking for a Trend to discuss Trump's conviction and the reasons rich supporters are flocking to the former president's side. "The Trump tax cuts, which were massively favorable to people like Bill Ackman and Elon Musk, are expiring in the next couple of years and the only way they will be renewed, given that they are going to cost more than $1 trillion, is if Donald Trump is re-elected. So there is a simple financial calculation." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino
Zacks3 Stocks to Buy for Big Growth
Growth-focused investors have been rewarded considerably over the last year amid the market's remarkable run, enjoying significant gains.
