As Americans go to vote, Wall Street prepares for potential market volatility similar to what was experienced during the 2016 election.

A well-known investor, Carl Icahn, gained attention during that election cycle by making a $1 billion investment in stocks after Donald Trump unexpectedly won over Hillary Clinton.

This move turned out to be profitable as markets rallied.

Traders in financial centers around the world, such as Singapore and New York, are now closely watching the outcomes of this election, which features candidates with very different policy proposals.

The stakes are high, as there is potential for significant gains or losses as the results unfold.

Market participants are closely monitoring the situation, anticipating how the election results will impact stocks and overall market sentiment.