Global stock volatility hits the presidential election, with Trump decrying a ‘Kamala Crash’

WASHINGTON (AP) — Republican presidential nominee Donald Trump is hoping a dramatic sell-off in the U.S. stock market creates an opening to attack his Democratic rival, Kamala Harris, over who is best positioned to shepherd the economy.

Trump’s campaign labeled the Monday drop as a “Kamala Crash,” a message designed to undercut the energy created by the vice president’s entrance into the race. But Wall Street recovered on Tuesday as stocks posted gains. Several economists said the economic data disprove Trump’s comments about a coming crisis, as unemployment remains relatively low and inflation has eased.

For Trump, who has long broken with political norms by openly encouraging market volatility that he hopes will boost his candidacy, the turmoil was a chance to highlight his credentials as a businessman. Trump’s allies and outside strategists have long urged him to focus more on pocketbook issues that resonate with voters beyond the GOP base.

Americans are more likely to think Trump’s presidency helped the country with job creation and cost of living compared to President Joe Biden’s administration, according to an AP-NORC poll conducted in April.

<bsp-list-loadmore data-module="" class=«PageListStandardB» data-gtm-region=«RELATED COVERAGE» data-gtm-topic=«No Value» data-show-loadmore=«true» data-parsely-url=«https%3A%2F%2Fapi.parsely.com%2Fv2%2Frelated%3Fapikey%3Dapnews.com%26url%3Dhttps%3A%2F%2Fapnews.com%2Farticle%2Fharris-trump-stocks-markets-inflation-election-535f6528fef1b157ca54be1db61b8b72%26limit%3D9%26respect_empty_results%3D1%26sort%3D_score%26pub_date_start%3D2024-06-22%26exclude%3Dsection%3APress%20Releases%26exclude%3Dtags%3ACelebrity%20Birthdays» data-parsely-title=«Related Stories»