How the stock market does the week before a presidential election

With the U.S. presidential election just around the corner, Wall Street is feeling the pressure as uncertainty looms. A recent CNBC survey showed a tight race between Vice President Kamala Harris and former President Donald Trump, with Harris gaining more support among women and Trump leading with male voters. The market has been showing pre-election jitters this week, with the S & P 500 down 0.9% so far. However, historical data from past elections suggests that the week leading up to the vote typically sees gains for the market. Despite this, recent trends of market volatility before the last two elections could indicate potential trouble this time around. In other news, Apple was downgraded by KeyBanc due to concerns about iPhone sales, particularly related to the iPhone SE potentially impacting iPhone 16 sales.