Mr. Trump then backtracked, demanding that Congress pass a relief bill, pushing the market up again. But beneath the volatility, which reflects investors’ reaction to short-term developments, a subtle shift is occurring on Wall Street. And that is producing some optimism on Wall Street, because many investors believe that the higher Mr. Biden climbs in polls, the lower the chance of a contested presidential election. Mr. Trump’s chaotic behavior in the first presidential debate, and his diagnosis of Covid-19 just days later, have been followed by polls showing Mr. Biden rising in several key swing states. On Wednesday, a new Quinnipiac University poll found that, among likely voters in the swing states of Florida and Pennsylvania, Mr. Biden had widened his lead over the president to 11 percentage points and 13 percentage points.

Source: New York Times October 07, 2020 21:34 UTC