Wall Street also looked ahead to the first debate between President Donald Trump and Democratic nominee Joe Biden. Some Wall Street analysts believe the initial debate of this cycle could be more consequential for the markets than most, with a clear victory by one candidate possibly creating significant volatility.
"Everyone knows what they're going to get with Trump, for better or worse," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "The question then is what will Biden deliver. If Biden doesn't kick any balls in his own net then the market will take that as a win for him.”
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