What would a Kamala Harris or Donald Trump victory mean for the stock market? [Video]

The stock market has climbed over the course of the presidential campaign, raising questions about whether the rally will continue depending upon which candidate wins: Vice President Kamala Harris or former President Donald Trump.

The S&P 500 has soared more than 20% this year, repeating a feat that the index achieved in 2023. The Nasdaq has jumped 23% this year, while the Dow Jones Industrial Average has increased 14%.

Over the full span of the next administration, the market will likely move higher whether the nation elects Harris or Trump, experts told ABC News. However, they added, each candidate’s policies could favor different types of stocks while posing unique risks.

Here’s what to know about what a win by Harris or Trump could mean for the stock market: