Wall Street girds for potential volatility after Trump verdict

The impact of former President Donald Trump’s historic guilty verdict has yet to set in on Wall Street.

From round-the-clock currencies to after-hours equity trading, most financial assets — aside from shares in Trump Media & Technology Group — were largely stable after a New York jury found Trump guilty on all 34 felony counts. 

But for traders, the question now is how the decision will impact markets that are already starting to prepare for the 2024 U.S. elections — in which Trump is all but certain to face off with President Joe Biden.

“The stock market has a history of tuning out domestic political turmoil,” said Ed Yardeni, founder of Yardeni Research. “However, the political climate is clearly going to be even more volatile after the Trump verdict, which could increase volatility in the stock market.”