Are Stocks Going to Plunge if Joe Biden Wins a Second Term? Here's What History Says About Stock Market Returns When Democrats Win.
It's that time again -- and I'm not talking about earnings season.
In a little over seven months, Americans across the country will head to the polls or mail in their ballots to determine who'll lead the country over the coming four years. Although there are plenty of aspects of politics that have no bearing on Wall Street, fiscal policy changes that originate in Washington, D.C., and are signed into law by the president of the United States, can ultimately impact corporate earnings and the health of the U.S. economy.
With nearly 2,500 delegates in the ongoing primaries, incumbent Joe Biden is the presumptive nominee for president from the Democratic Party. Since Biden took office as the 46th president on Jan. 20, 2021, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC), have respectively gained 28%, 36%, and 22%. All three major stock indexes have also achieved fresh all-time highs since the year began.
Source Fool.com
