Zohran Mamdani's victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'
1. Mamdani's primary win raises fears of tax hikes and regulations. 2. Investors fear an exodus from NYC due to Mamdani's policies. 3. NY regional banks and real estate stocks fell sharply post-victory. 4. Mamdani supports taxing the ultra-wealthy and universal rent control. 5. Business leaders express alarm over potential economic impacts.