WASHINGTON/NEW YORK — Many Wall Street executives have reservations about backing either candidate in the US presidential election, worried that former President Donald Trump's policies will hurt the economy but wary Vice President Kamala Harris will lean too far left.
Democratic presidential nominee, US Vice President Kamala Harris speaks during a presidential debate hosted by ABC as Republican presidential nominee, former US President Donald Trump listens, in Philadelphia, Pennsylvania, US, Sept 10, 2024.
Among the executives were Republican and Democrat supporters, including a handful who are publicly backing Trump or Harris, and others with no obvious partisan affiliation. Karoline Leavitt, Trump campaign National Press Secretary, said in a statement that Wall Street investors want Trump to win because they remember that his policies "fueled growth, drove down inflation, and kept more money in everyone's pockets".
For many firms, a Harris White House and Republican Senate, which would block tax increases and force Harris to pick moderates for top jobs, is the best-case scenario.
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