Reported about 7 hours ago
As the Biden-Harris administration nears its end, the S&P 500 has surged nearly 50%, with the 'Magnificent Seven' stocks, including Amazon, Apple, and Tesla, leading the way. If Kamala Harris becomes president, her proposals, which include increasing the corporate tax rate and providing tax credits for AI and clean energy companies, could impact these stocks. Economists suggest her policies might lower interest rates, potentially benefiting Amazon the most due to its large debt load. However, uncertainty remains regarding the implementation of her plans and which stock will truly benefit.
Source: YAHOO