Trump-related concept stocks rise after first US election debate
After the first U.S. presidential election debate on June 27, the market expected the probability of Trump's victory to rise, causing financial stocks, health care management stocks, steel stocks and other Trump-related concept stocks to rise。
Trump Concept Stocks Rise
After the first presidential election debate in the United States on June 27th, the market expected an increase in the probability of Trump's victory, leading to an increase in Trump related concept stocks such as financial stocks, healthcare management stocks, and steel stocks. Among them, the stock price of United Health Insurance rose 1.3%, while Humana rose 3%. Steel stocks Nucor rose 3.3%, while Cleveland Cliffs rose 3%.
Anti-monopoly policy affects financial stocks
Given Trump's relatively lenient attitude towards antitrust, merger transactions between companies may be more easily approved, leading to an increase in the stock prices of Discover Financial Services and Capital One Financial. Discover's stock price rose 4%, while Capital One rose 2.9%. One of the targets of the Biden administration's antitrust enforcement officers, Live Nation Entertainment, saw its stock price rise by 3.2%.
Green Energy Stocks Under Pressure
Green energy stocks fell due to Trump's policies, with First Solar's stock price falling 9% and NextEra Energy falling nearly 4%.
Other effects
Energy stocks rose on expectations of Trump's election, while SPDR energy stocks saw an ETF increase of 0.4%. Bank stocks are expected to benefit from a more relaxed regulatory system, with SPDR financial stocks experiencing a 2% increase in ETFs. Marijuana stocks fell, Tilray Brands fell 4%, and Cronos Group fell 0.43%.
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