Stock markets fall on Trump-Biden debate chaos

September 30, 2020 11:00

The much anticipated first US presidential election debate between Donald Trump and Joe Biden descended into chaos as the two candidates hurled insults at one another and repeatedly interrupted each other. The chaotic debate stunned most commentators as the two argued over the coronavirus pandemic, the Supreme court and each other's families.

Even the moderator, Fox News' Chris Wallace struggled to maintain order as he stated to Trump "Your campaign agreed that both sides would get a two-minute answer," and "I hate to raise my voice, but why shouldn't I be different than the two of you?"

Some of the highlights of the debate included:

  • Biden calling Trump a clown, racist and the worst president ever
  • Trump refusing to condemn White Supremacists
  • Trump not answering whether he would concede defeat and accept the results of the November election

Unfortunately, not much was discussed about economic policies over the 90 minutes.

The market was not impressed with the Dow Jones 30 stock market index collapsing more than 300 points when Asian markets opened. Global stock indices followed the sour mood as investors weigh up the possibility that Trump may not leave the White House peacefully.

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If you are feeling bullish or bearish on the price of the Dow Jones 30 stock market index (DJI30), you can speculate on its price direction using CFDs. To get started, follow these five simple steps:

  1. Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
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Source: Admiral Markets MetaTrader 5 Web, DJI30, Weekly - Data range: April 20, 2014, to September 30, 2020, performed on September 30, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results.

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