Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here's What History Says About Stock Market Returns When Democrats Win.
In just a little over six months, Americans from across the nation will head to the polls or mail in their ballots to determine who'll lead our great country for the next four years.
While there are numerous aspects to the presidency, and lawmaking in general, that have nothing to do with Wall Street and investing, changes to fiscal policy, which are typically drafted by Congress and signed into law by the president, do impact the health of the U.S. economy and the bottom line for corporate America.
As of the closing bell on April 24, incumbent Joe Biden had earned 3,237 delegates during presidential primaries. That's well beyond the 1,968 delegates needed to secure the presumptive nomination for president from the Democratic Party. Since taking office on Jan. 20, 2021, Biden has overseen gains of 23% in the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), 32% in the benchmark S 500 (SNPINDEX: ^GSPC), and 17% in the growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC).
Source Fool.com
