Christine Blasey Ford, PhD, will appear before the Senate Judiciary Committee to discuss sexual assault allegations against Mr. Kavanaugh, who will also testify.
“We will likely see trading grind down to a pace that is less than half of the average daily volume,” said Art Hogan, chief market strategist at B. Riley FBR.
Though public interest in the hearing may slow trading temporarily, some say the eventual decision on Mr. Kavanaugh’s confirmation is unlikely to affect Wall Street.
“Truth be told, although the Kavanaugh hearing has attracted a lot of chatter and speculation, whether he is confirmed or not is unlikely to have a lasting impact on the economy or the stock market; it’s not really business news,” said Colin Cieszynski, chief market strategist at SIA Wealth Management.
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