S&P 500 closes at record high as investors parse US inflation report

S&P 500 closes at record high as investors parse US inflation report
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Ken Griffin expects Donald Trump to win the US election, saying his presidency would benefit investors, but declined to say whether he would now back the former president.

The billionaire founder of hedge fund Citadel said if the election was held tomorrow, “he wins it”, referring to Trump.

“I think for investors overall a Trump administration’s good for our capital markets. It encourages the sense that the government’s aligned with you and not opposed to you,” he said, speaking at the Futures Industry Association’s annual conference in Florida.

Griffin had backed Nikki Haley’s presidential campaign. “Can I just have a moment to be sad?” he joked, about Haley’s withdrawal from the race last week.

But before deciding whether to now back Trump, Griffin said he first wanted “to hear what Trump’s going to do for the United States” and see “what the policy platform looks like”.

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