Investors See Senate Races as Key to Election’s Market Impact


For Wall Street, the coming election doesn’t hinge on just the presidency. The Senate matters almost as much.

Many investors expect Joe Biden to win the White House. But the prospects for many key policy shifts—such as greater economic stimulus or Mr. Biden’s health-care policies—hang on who controls the Senate. That is harder to predict. Polls show a good chance that the Democrats could win unified control of Congress, but also that Republicans could hold the Senate majority even if they lose the presidency.

Investors…



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