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Trump vs Biden: Wall Street treads water ahead of first presidential debate

11 major S&P 500 sectors were split down the middle in early trading with five falling and energy stocks and financials, which bounced strongly in the previous session, giving back most of their gains

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Goldman Sachs analysts said a victory for Biden in the election, along with the Democratic party controlling the Senate and the House of Representatives, would be slightly beneficial to profits for S&P 500 firms through 2024

Devik Jain and Shreyashi Sanyal | Reuters

3 min read Last Updated : Sep 29 2020 | 8:59 PM IST

Wall Street's main indexes steadied on Tuesday after substantial gains a day earlier, with a positive reading on consumer confidence soothing nerves about the economy as attention turned to the first US presidential debate.

The 11 major S&P 500 sectors were split down the middle in early trading with five falling and energy stocks and financials, which bounced strongly in the previous session, giving back most of their gains.

President Donald Trump and Democratic challenger Joe Biden will lock horns in their first 90-minute televised debate in Cleveland, with the election now just five weeks away. Polls show Biden leading

Topics : Joe Biden US Presidential elections 2020 Wall Street S&P 500 S&P Dow Jones Nasdaq Donald Trump US economy US stock market United States

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