earnings

Market analysts say the stock market's momentum following the 2024 election could continue, driven by steady economic growth, strong corporate earnings and expectations for further interest rate cuts by the Federal Reserve.

"Earnings growth is a much bigger driver than merely election outcomes or who’s in control"

“Our data have shown us over time, it’s really still about the economy, and earnings growth is a much bigger driver than merely election outcomes or who’s in control,” said Rob Haworth, senior investment strategy director for U.S.

Major tech companies such as Alphabet, Microsoft, Meta Platforms, Amazon and Apple reported strong third-quarter earnings, with revenue exceeding expectations across the board.

This, combined with modest business investment spending, serves as the foundation for a favorable earnings environment, Haworth said.