The financial market movements on Tuesday show that Wall Street traders share the broader public uncertainty about the outcome of the election. After bidding up some trades that would profit from a Trump victory, they’ve been taking money off the table since polls showed Harris making some strong gains.
Treasury yields, which jumped on speculation that Trump’s policies would fan inflation and keep interest rates higher, have since come down some and ended the day little changed. The US dollar also gave back some of its gains and today wrapped up its deepest two-day slide since late September.