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The Markets never lie – and it looks like Wall Street is smiling about Joe Biden

Mar 4, 2020

1 min

Jeff Haymond, Ph.D.

The Markets never lie – and it looks like Wall Street is smiling about Joe Biden

 

It wasn’t just the Joe Biden campaign celebrating after a monumental Super Tuesday – so too was Wall Street.

 

Dow (INDU) futures were last up more than 580 points, or 2.3%, after the former US vice president was projected to win many as nine states including Texas, Virginia and Minnesota. Sanders captured Utah, Vermont and Colorado, and was leading in California.

Futures for the S&P 500 (INX) were up 1.8%, while the Nasdaq Composite (COMP) increased 1.9%.


Wall Street has been unnerved by prospect that Sanders, who wants to ban fracking, break up big banks and institute a wealth tax, could win the Democratic nomination and eventually the presidency. March 04 – CNN Business



 

But what impact and influence will investors and indexes have on the actual outcome of the primaries? Will voters be convinced or swayed by the markets or is this result simply a by-product of an election result?

 

It is interesting for sure, and if you are a reporter covering this topic – then let our experts help with your coverage.

 

Jeff Haymond, Ph.D. is Dean, School of Business Administration and a Professor of Economics at Cedarville and is an expert in finance and trade. Dr. Haymond is available to speak with media regarding this topic – simply click on his icon to arrange an interview.




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Jeff Haymond, Ph.D.

Jeff Haymond, Ph.D.

Dean, School of Business Administration/Associate Professor

Research interests include economics and religion, as well as monetary theory

Financial Markets (General)Federal Trade Reserve PolicyFree TradeMinimum Wage / UnemploymentGovernment Regulation

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