Markets Brace for Election Uncertainty Amid Mixed Signals
TL;DR Summary
The Dow Jones Industrial Average fell 200 points amid volatile trading ahead of the U.S. presidential election, with traders pricing in aggressive Federal Reserve rate cuts despite lingering inflation concerns. Bank stocks could benefit if Donald Trump wins, while oil prices rose over 2% after OPEC+ delayed a production increase. Independent power producers like Vistra and Talen Energy saw stock declines following a regulatory decision affecting Amazon's data center power supply. Meanwhile, Viking Therapeutics' obesity drug showed promising trial results, boosting its stock.
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