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As Trump's Odds Of Victory Rise, Financial Markets Get Nervous
When Hillary Clinton appeared to be winning the Sept. 26 debate with Donald Trump at Hofstra University, stock futures rose and so did oil prices, a report says.
When news broke Friday that the FBI had discovered emails that might be pertinent to its investigation of Democratic presidential candidate Hillary Clinton, stock prices suddenly took a tumble.
The decline can be explained by an unusual development in this year's long, contentious presidential campaign, says Eric Zitzewitz, a professor of economics at Dartmouth College.
For the first time in history, the financial markets seem to prefer the Democratic candidate for president over the Republican, and anything that lessens her chances of victory is likely to hurt asset prices, according to a paper written by Zitzewitz and Justin Wolfers, a professor of economics and public policy at the University of Michigan.
"This election is going to be a very big deal economically. That's what we're finding," Zitzewitz said in an interview with NPR...
When Hillary Clinton appeared to be winning the Sept. 26 debate with Donald Trump at Hofstra University, stock futures rose and so did oil prices, a report says.
When news broke Friday that the FBI had discovered emails that might be pertinent to its investigation of Democratic presidential candidate Hillary Clinton, stock prices suddenly took a tumble.
The decline can be explained by an unusual development in this year's long, contentious presidential campaign, says Eric Zitzewitz, a professor of economics at Dartmouth College.
For the first time in history, the financial markets seem to prefer the Democratic candidate for president over the Republican, and anything that lessens her chances of victory is likely to hurt asset prices, according to a paper written by Zitzewitz and Justin Wolfers, a professor of economics and public policy at the University of Michigan.
"This election is going to be a very big deal economically. That's what we're finding," Zitzewitz said in an interview with NPR...