Economics
Wall Street Eyes Iowa for Hints of How Deep Sanders Support Runs
- A Sanders victory may ‘catalyze a meaningful market reaction’
- Health care, specialty finance and E&P sectors are in focus
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Investors and Wall Street analysts are watching Monday’s Iowa caucuses for signs of how well a surging Bernie Sanders ends the night. So far, markets have largely shrugged off the ramifications of a potential Sanders win, but concern about the senator’s plans for health care, banks and private equity may rise if he emerges with unexpected strength, analysts said.
On Monday, stocks across the board rebounded from the worst week in six months amid optimism about efforts to contain the coronavirus. The S&P 500 closed 0.7% higher.