Former President Donald Trump announced on Tuesday that he will run for U.S. president in the 2024 presidential race. Trump announced his bid at his Mar-a-Lago estate in Florida, seemingly with the aim of pre-empting potential Republican rivals. Politics have largely taken a back seat for Wall Street this year, with macroeconomic concerns and Federal Reserve policy acting as the key drivers for markets. Trump’s announcement came as little surprise to investors, as the former president had telegraphed the possibility he might run again for some time. The discord within the Republican party also worried some investors, with many blaming him for their poor mid term election showing. Some investors are also watching stocks linked with Trump as a gauge on his prospect. . . .
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