Wall Street Jitters: Risk Aversion Drives Market Down Ahead of Debate

Risk aversion dominated Wall Street trading on Tuesday, sending stocks lower as investors anxiously awaited the presidential debate between Vice President Kamala Harris and former President Donald Trump. The energy and financial sectors experienced the most significant losses, with OPEC’s revised oil demand forecasts and increased capital requirements for large banks adding to the pressure. However, the bond market saw a surge in demand, with the Japanese yen also gaining ground.

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