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Exit polls 2024: How the gender gap is playing out in key swing states

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(WASHINGTON) — The gender gap is considered a crucial factor in the presidential election between Vice President Kamala Harris and former President Donald Trump.

Both candidates tried to turn the gap to their advantage, with Harris making reproductive freedom a centerpiece of her campaign while Trump focused heavily on motivating men to turn out to the polls.

Men and women have long voted differently in presidential races, with the gender gap averaging 19 points in exit polls since 1996. But several pollsters told ABC News they were bracing for a “gender chasm” this year given the contrast of a man and a woman at the top of the ticket as well as the prominence of abortion rights as an issue after the fall of Roe v. Wade.

Preliminary results from exit poll data, which may change as polls are updated throughout election night, provide some insight on vote preferences among men and women.

Nationally, Harris has a 10-point advantage with women — 54% to Trump’s 44% — but her support is off a slim 3 points from President Joe Biden’s support with the group in 2020.

Trump, meanwhile, is leading by an identical 10-point margin among men.

There is also a huge gender gap between young men (who are roughly split between Harris and Trump 49%-47%) and young women who back Harris by 26 points.

ABC News has not projected a winner in these races.

Georgia

In Georgia, preliminary results show Harris with a 7-point advantage with women over Trump: 53% support to Trump’s 46%.

Compared to 2020 exit polls, Harris is running slightly behind Biden with women. Women went for Biden by 9 percentage points. Biden ultimately flipped the state blue for the first time in decades, eking out a narrow victory over Trump there by less than 12,000 votes.

Trump has a 12-point advantage with men in Georgia, preliminary results show: 55% to Harris’ 43%. That is the same gap he had there in the 2020 election against Biden.

Among younger voters, those ages 18 to 29, women are swinging for Harris by 29 points. Trump, meanwhile, only has a 2-point advantage among men in the same age group.

North Carolina

In North Carolina, preliminary results show women going for Harris by 13 points while men go for Trump by 15 points.

That is a much wider gender gap than the state saw in 2020, according to exit polls. Biden won women by 7 points there while Trump won men by 9 points.

Among younger voters, Harris has a 33-point lead with women while Trump has a 23-point lead with men.

Pennsylvania

In Pennsylvania — a battleground that is considered to be a possible tipping point state — Harris has a 12-point lead among women: 55% compared to Trump’s 43%.

Trump’s lead with men is slightly higher: he has a 14-point among men: 56% compared to Harris’ 42%.

Again, preliminary exit poll results show a wider gender gap between Harris and Trump than between Biden and Trump. In 2020, women went for Biden by 11 points and men for Trump by 11 points.

Women ages 18 to 29 are swinging for Harris by a 40-point margin, while Trump is leading with men in that age range by 24 points.

Arizona

In Arizona, women are going for Harris by 3 points: 51% to Trump’s 48%.

Trump, meanwhile, boasts a bigger lead among men: 52% support from the group compared to Harris’ 45%.

That’s also a wider gender gap than in 2020, when Biden won women by 3 points and Trump men by 2 points.

Michigan

Harris boasts a 8-point advantage with women in the battleground state, according to preliminary results: 53% compared to Trump’s 45%.

Trump has a 11-point lead among men: 54% compared to Harris’ 43%.

Among younger voters ages 18 to 29, Harris has a 16-point lead with women while Trump has a 20-point lead with men, according to preliminary results.

Wisconsin

Harris is winning with women in Wisconsin by 11 points: 55% compared to Trump’s 44%. She is running slightly behind Biden’s 13-point advantage with women in 2020.

Trump has a 9-point lead with men: 54% compared to Harris’ 45%. Trump in 2020 won men by 10 points in the state.

Among younger voters ages 18 to 29, Harris has a 18-point lead with women while Trump has a 5-point lead with men, according to preliminary results.

Nevada

In Nevada, Harris is winning women 53% to Trump’s 43% — a 10-point gap.

Trump is winning men by a slightly larger margin, according to preliminary results: 55% to 41%.

Copyright © 2024, ABC Audio. All rights reserved.

Politics

Balance of power: Presidential, Senate and House 2024 live results

Tim Graham/Getty Images

(WASHINGTON) — The election will not only decide who will occupy the White House for the next four years, but also which party controls both the U.S. House of Representatives and the U.S. Senate.

All 435 seats in the House of Representatives and 34 seats in the Senate are up for grabs.

Republicans currently control the House while Democrats retain a narrow majority in the Senate.

See how the balance of power is playing out as election results come in:

Significant shifts and what to watch in the Senate race

Jim Justice is projected to win the Senate seat in West Virginia, which flips the state from Democrat to Republican. Incumbent Joe Manchin decided not to run for reelection, putting Justice against Democrat Glenn Elliot and Libertarian Party candidate David Moran.

ABC News also projects that former President Donald Trump will win in West Virginia. As Dan Hopkins, a professor of political science at the University of Pennsylvania, wrote for ABC News’ live election coverage, “In most years, a Senate where every state votes for the same party for Senate and president is a Senate where the Democrats fall short of a majority.”

Another Democratic seat was lost in Ohio, where Republican nominee Bernie Moreno is projected to take the Senate position previously held — for three terms — by Sherrod Brown, the Democratic incumbent. The presumed victory makes a large Republican majority in the Senate seem all the more likely.

In Maryland, Democratic Prince George’s County Executive Angela Alsobrooks is projected to win against former Gov. Larry Hogan, a moderate Republican. She is expected to replace Sen. Ben Cardin, also a Democrat, who did not run for reelection, putting the state’s Democratic Senate seat at risk in a year where the party had none to lose if they hoped to retain their narrow majority.

Alsobrooks currently serves as the first woman elected to a county executive position in Maryland, and she now seems positioned to become the state’s first Black senator. She would also be making history, as Alsobrooks and Lisa Blunt Rochester are projected to be the first two Black women to serve on the Senate at the same time.

Copyright © 2024, ABC Audio. All rights reserved.

National

2024 exit polls: Fears for American democracy, economic discontent drive voters

Charly Triballeau/AFP via Getty Images

(NEW YORK) — Americans are going to the polls Tuesday to cast their ballots in the historic election between Vice President Kamala Harris and former President Donald Trump.

Surveys ahead of Election Day found the two candidates in a virtual dead heat nationally and in several key swing states.

Broad economic discontent, sharp divisions about the nation’s future and polarized views of the major-party candidates mark voter attitudes nationally in ABC News’ preliminary exit poll results.

The state of democracy prevailed narrowly as the most important issue to voters out of five tested in the exit poll.

The country and democracy

Voters broadly express more negative than positive views about the country’s direction: Just 26% are enthusiastic or satisfied with the way things are going, versus 72% dissatisfied or angry.

More voters see American democracy as threatened than say it’s secure, 73% to 25%. Still, about six in 10 in these preliminary exit poll results say the country’s best days are ahead of it, versus about a third who say the country’s best days are in the past.

Extremism and candidate favorability

Fifty-five percent call Trump’s views “too extreme,” and he’s underwater in personal favorability, 44%-55%. Fewer call Harris’ views too extreme (46%), though she’s also underwater in personal favorability, albeit slightly, 48%-50%.

Favorability isn’t determinative: Just 40% saw Trump favorably in 2016, when he won the Electoral College (albeit not the popular vote). One reason is that almost as few, 43%, had a favorable view of his opponent that year, Hillary Clinton. (In 2020, Trump’s favorability rating was 46%; Joe Biden’s was 52%.)

Underscoring the emotion associated with the contest, preliminarily 36% of voters say they’d be “scared” if Trump were elected, while 29% would be scared by a Harris win.

The economy and Biden

The economy remains a key irritant. Voters say it’s in bad shape by 67%-32%. And 45% say their own financial situation is worse now than four years ago, versus 30% the same, with just 24% doing better. The “worse off” number exceeds its 2008 level, then 42%, and far outpaces its shares in 2020 (20%) and 2016 (28%).

Biden takes the heat, with just a 41% job approval rating (58% disapprove). It’s been a challenge for Harris to persuade voters she’s taking a new direction from Biden’s. (Biden’s approval rating is the lowest for an incumbent president in exit polls since George W. Bush’s 27% as he left office in 2008. Trump managed 50% job approval in 2020, yet Biden beat him anyway).

Copyright © 2024, ABC Audio. All rights reserved.

National

How fracking may determine the election in swing state Pennsylvania

ABC News

(CECIL TOWNSHIP, Pa.) — Fracking has been on the national stage this election season and swing state Pennsylvania, with its 19 electoral votes in play, is at the center of the issue with one the largest natural gas deposits in the U.S.

Hydraulic fracturing, commonly known as fracking, sees water and other chemicals pumped into underground rock formations that contain methane or natural gas. The fluids crack the rock, releasing the gas which is then captured and brought above ground.

Eight years ago, Michelle Stonemark built her dream home in Cecil Township, Pennsylvania, on the same street as much of her extended family. She was followed by some new neighbors — a fracking operation.

As the Stonemarks’ home was under construction, a natural gas company built a well pad for oil and gas production just a few feet away.

“I was scared to death. I was scared about what harms it would cause us,” she told ABC News’ Stephanie Ramos.

It’s a significant industry in Pennsylvania, but there is precedent for states banning fracking — it’s happened in California, Maryland, New York, Vermont and Washington.

Only Congress has the power to completely ban fracking, but presidential candidates Donald Trump and Kamala Harris see it as a topic that resonates with voters in the Keystone State.

Former President Trump says Harris is against the practice.

“Starting on Day One of my new administration, I will end Kamala Harris’ war on Pennsylvania energy,” he said at an Oct. 26 rally. “And we will frack, frack, frack.”

In 2019, when Harris was running for the Democratic presidential nomination, she firmly stood for a ban on fracking. During a CNN town hall on climate change in 2019 when she was still a senator, Harris said, “There’s no question I’m in favor of banning fracking.”

Now, Vice President Harris has positioned herself as a supporter of fracking. Harris reiterated that she would not ban fracking during the ABC News Presidential Debate.

“I will not ban fracking. I have not banned fracking as vice president of the United States,” she said during September’s ABC News debate. “And, in fact, I was the tie-breaking vote on the Inflation Reduction Act, which opened new leases for fracking.”

The Stonemarks documented the experience of living so close to an active fracking operation, with video showing flames shooting into the sky in the middle of the night as excess natural gas was burned off.

Their windows and tools in their garage often vibrate with the hum of machinery at the nearby well pad.

“The noise that comes off of that … are low-level sounds, low-level frequencies, more like a bass that cause vibrations, more like a constant hum, the kind of noise you feel in your chest and in your ears and in your head,” Michelle Stonemark told ABC. “We suffered from headaches and nosebleeds during that time.”

In Cecil Township, there’s legislation that would require new fracking operations to be placed at least 5,000 feet away from schools and 2,500 feet away from homes. The current minimum distance is 500 feet. The city council passed the resolution on Monday night.

Stonemark supports the legislation, but it may not change her situation. The family has already upgraded their air filters and installed air quality monitors outside, but she’s angry about it.

“Every day we wake up and we don’t know what we’re going to get. We don’t know how loud it’s going to be, how what it’s going to smell like outside,” she told ABC News. “[Or] If my kids can play outside; we don’t know if we can have people over.”

She’s also concerned that it’s causing health issues for the family.

“We don’t know if the nosebleed my daughter has is from fracking. We don’t know if the nausea and the headaches that we’re feeling are from fracking,” she said. “Every day is undue stress and anxiety on myself, my husband, my kids. So, yeah, it pisses me off.”

In 2023, a taxpayer-funded study conducted by the University of Pittsburgh found that children who live within one mile of unconventional natural gas development — including fracking — were found to be five to seven times more likely to develop lymphoma, a type of cancer. It was also linked to adverse birth outcomes and exacerbating existing asthma symptoms.

In the race for the White House, politicians are hoping a vow to keep fracking will secure them votes. However, the issue is more complex for the people with fracking operations in their backyard. Even pro-fracking Republicans like Scott Byrd are in favor of the proposed changes.

“First of all, I’m very pro fracking,” he told ABC News. “It just has to be done in an industrial rural area.”

However, Byrd noted that neither of the candidates have offered particulars on the issue.

“I’m mainly motivated by responsibilities as a parent,” he said. “You see your two children, you have to do everything you can do to protect them.”

In a statement to ABC News, Range Resources, which runs fracking operations in Cecil Township, noted that it works closely with “municipalities and residents to foster open communication, address community concerns, and proactively minimize any potential impacts.”

However, it said that the township’s ordinance is “a stark outlier from the 50 other municipalities where Range operates, as it seeks to restrict future natural gas development within its borders.”

Byrd emphasized the need to frack safely.

“If the technology is not there to do it without hurting children, everybody else, we need to get more into research and development. We’re not just going to jump the gun,” he said. “They’re running with it and ignoring the risks. We have to do something.”

Stonewall noted that fracking is a polarizing topic, but it shouldn’t be something people are simply for or against.

“I’m neither for it or against it — I believe it has its place. I believe that we need to be an energy independent nation,” she said. “I just don’t believe that we need to be doing it at the expense of people living their everyday lives.”

Copyright © 2024, ABC Audio. All rights reserved.

Entertainment

Colman Domingo to receive Spotlight Award at Palm Springs International Film Awards

Disney/Randy Holmes

Colman Domingo will be honored at the Palms Springs International Film Awards, taking place during the annual festival in January. According to The Hollywood Reporter, he’s set to receive the actor Spotlight Award for his work in the movie Sing Sing.

“We are so thrilled to honor the remarkable talent of Colman Domingo at the Palm Springs International Film Awards for the second year in a row. In Sing Sing, Colman Domingo delivers another outstanding performance based on the true story of the wrongfully convicted Divine G, who finds purpose in prison through stage acting,” says Nachhattar Singh Chandi, chairman for the festival. “For this incredibly raw and captivating performance, it is our honor to present the Spotlight Award, Actor to Colman Domingo.”

Colman is a repeat winner, as he won the award last year for his performance in the movie Rustin

The 2025 presentation is slated for Jan. 3, the second day of the Palm Springs International Film Festival, starting Jan. 2 and ending Jan. 13.

Copyright © 2024, ABC Audio. All rights reserved.

National

Attorney says Giuliani ‘secreted away’ his property from poll workers who won $148M judgment

Photo by Michael M. Santiago/Getty Images

(NEW YORK) — On Election Day 2024, Rudy Giuliani cannot escape the consequences of his defamation of two Georgia poll workers in the aftermath of Election Day 2020.

A federal judge on Tuesday ordered the former New York City mayor to appear in court later in the week to explain why he allegedly “secreted away” his property and failed to transfer anything into the custody of former election workers Ruby Freeman and Shay Moss, as he was ordered to do last month to fulfill a $148 million judgment.

A judge last year found that Giuliani had defamed the mother and daughter when he falsely accused them of committing election fraud while they were counting ballots in Georgia’s Fulton County on Election Day in 2020.

Two weeks ago, Giuliani was ordered to transfer personal property “including cash accounts, jewelry and valuables, a legal claim for unpaid attorneys’ fees, and his interest in his Madison Avenue co-op apartment” to Freeman and Moss as part of the judgment.

When the receivership controlled by the two election workers was finally granted access to Giuliani’s Manhattan apartment, they discovered Giuliani “had moved virtually all of its contents out approximately four weeks ago–something that neither Defendant nor Defendant’s counsel had bothered to mention,” the poll workers’ attorney, Aaron Nathan, said in a letter to the court.

“Defendant nor his counsel thought to mention that the receivership property contained in the Apartment had been secreted away,” Nathan said in the letter.

“More concerningly,” the attorney told the judge, “Defendant and his counsel have refused or been unable to answer basic questions about the location of most of the property subject to the receivership.”

“Save for some rugs, a dining room table, some stray pieces of small furniture and inexpensive wall art, and a handful of smaller items like dishes and stereo equipment, the Apartment has been emptied of all of its contents,” Nathan’s letter said. “Notably, that includes the vast majority (if not all) of the valuable receivership property that was known to be stored there, including art, sports memorabilia, expensive furniture, and other items not conspicuous enough to appear in listing photographs.”

When the receivers asked Giuliani’s representatives where the items are located, Nathan said those inquiries were “met predominantly with evasion or silence.”

A spokesperson for Giuliani said in response that “Mayor Giuliani has made available his property and possessions as ordered.”

“A few items were put into storage over the course of the past year, and anything else removed was related to his two livestream programs that stream each and every weeknight across his social media platforms,” the spokesperson said. “Opposing counsel, acting either negligently or deliberately in a deceptive manner, are simply attempting to further bully and intimidate Mayor Giuliani until he is rendered penniless and homeless.”

Giuliani is scheduled to appear in court this Thursday afternoon.

His lawyer had asked if Giuliani could appear by phone since he was scheduled to appear on a live radio broadcast at that time, but the judge would not allow it.

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Entertainment

See ‘Titanic’ vet Billy Zane channeling Hollywood legend Marlon Brando in ‘Waltzing with Brando’

Courtesy VMI Worldwide

Titanic heavy Billy Zane is totally transformed into Marlon Brando in the new trailer for the based-on-real-life comedy film Waltzing with Brando

The snippet shows Zane as Brando as the public knew him, both on set on The Godfather and in a legendary Dick Cavett interview. But it also shows the eccentric actor’s private life and his dream of building a home — and a resort — on an uninhabited Tahitian atoll. 

“It’s more beautiful than words can describe, and cinematography can capture, and I want to move there,” he tells Jon Heder‘s character, a Los Angeles architect tapped by Brando to make the impossible dream happen. 

The film is an adaptation of the 2011 memoir of the same name from the architect who lived the experience, Bernard Judge.

The trailer shows that Judge was unconvinced. “To live out there with even a moderate amount of convenience would be a monumental undertaking,” Heder’s Judge protests, seeing as the atoll was cut off from potable water and electricity.

Zane’s Brando was undeterred, however, in the trailer showing off his experiments with using electric eels to provide current and devising a system to manufacture drinking water “from my own urine.” 

The latter was revealed mid-sip to Heder’s character, who unknowingly tried a sample.

The film that also stars Richard Dreyfuss, Rob Corddry and Tia Carrere will have its world premiere at the Torino Film Festival in late November.

Copyright © 2024, ABC Audio. All rights reserved.

National

More than half of registered voters have already cast their ballots: Officials

Stephen Maturen/Getty Images

(WASHINGTON) — While Election Day is finally here, more than 83 million people have already cast their ballots.

Election Day was trending on the busy side, with roughly half of the 161.42 million registered voters still heading to the polls.

In Georgia, one of seven key swing states, long lines were forming outside polling stations, officials said, despite more than 4 million people in the Peach State having already voted.

In Fulton County, Georgia’s most populous county, which includes the city of Atlanta, nearly 30,000 people had cast their in-person ballots by 9:40 a.m. Tuesday, a little more than three-and-a-half hours after the polls opened at 7 a.m., said Nadine Williams, the Fulton County director of registration.

“All polling sites are secure with an active security presence,” said Williams, adding that the county had received five “non-credible” bomb threats Tuesday morning, two of which prompted the evacuation of voting locations for about 30 minutes each.

“Outside of these brief interruptions, Election Day has been quiet, with minimal issues reported and we remain prepared to address any misinformation or additional disruption to ensure a smooth experience for all voters today,” Williams said.

Of the 83 million voters nationwide who have already cast ballots, 45 million did so in person while 38 million mailed in ballots, according to the University of Florida Election Lab. About 37.7% of the early votes were cast by registered Democrats while 35.9% of Republicans voted early, according to the lab.

In the 2020 presidential election, 66% of eligible voters cast ballots, the highest of any national election. President Joe Biden beat Trump 51.31% to 46.85%, according to the Federal Election Commission.

This election is expected to be even closer than 2020.

An ABC News/Ipsos poll released Saturday showed Harris with an overall three-point advantage over Trump among likely voters nationwide, 49% to 46%.

Both Harris and Trump have spent the last week of the campaign barnstorming in battleground states, fighting tooth and nail for every last undecided vote. On Monday, the candidates engaged in a sprint to the finish line, holding multiple rallies in North Carolina and Pennsylvania.

In a sampling of nine states, including the battleground states of Georgia, Michigan, North Carolina and Pennsylvania, 54% of the early voters were women and 43.8% were men, according to the lab. The largest block of early voters, 39.4%, were 41- to-65-year-olds, while voters over 65 represented 34.5% of the early vote.

Younger voters — 26 to 40 years old — made up 17.5% of the early vote, while 8.7% of voters 18 to 25 cast early ballots, according to the lab.

Some states like North Carolina, another key swing state, have shattered records for early voting.

More than 4.4 million voters have cast early ballots in North Carolina, 4.2 million of them in person, according to the lab. The North Carolina Board of Elections said the number of early voters broke a record, surpassing the 3.6 million early votes cast in the 2020 election, officials said.

In the swing state of Pennsylvania, at least 1.8 million people voted early via mail-in ballots, according to the Florida Election Lab, which reported that 55.7% of the earlier voters were women and 32.8% were men.

Early voting in Georgia began on Oct. 15, and more than 3.7 million people voted in person, while another 265,648 cast mail-in ballots, according to the lab. A breakdown of the early voters showed 55.7% were women and 43.5% were men, according to the lab.

In other battleground states, Michigan saw 3.2 million voters casting mail-in ballots, 55% women and 44.9% men; 2.3 million cast early mail-in ballots in Arizona, 40.8% of whom are registered Republicans and 32% Democrats, according to the lab.

In Nevada, another swing state, a little over 1 million voters cast early ballots, including 543,271 who voted in person and 556,062 who sent in mail-in ballots, the lab reported. Of those who voted early in Nevada, 37.5% were Republican and 33.7% were Democrat, according to the lab.

And in the battleground state of Wisconsin, 1.5 million people voted early, including 949,157 who cast in-person ballots and 561,616 who cast mail-in ballots, the lab reported.

ABC News’ Olivia Rubin contributed to this report.

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Entertainment

Clint Eastwood’s ‘Juror #2’ reportedly heading to Max

Hoult and Eastwood on set – © 2024 Warner Bros. Entertainment Inc. All Rights Reserved.

While the Warner Bros. Discovery-owned streaming service is officially mum so far, The Hollywood Reporter says Juror #2, likely the final film from 94-year-old Clint Eastwood, will debut on Max around December. 

The straight-to-streaming moves made in the past by then-HBO Max were controversial in 2021 — when the studio’s entire lineup, including Godzilla vs. Kong and Dune, debuted in theaters and on streaming on the same day. The strategy was both to build up the then-fledgling streaming service’s subscriber base and to service post-pandemic movie fans who were not ready to return to theaters. 

That said, some in the industry griped the move took a toll on the films’ box office potential.

However, the trade says the Hollywood icon gave his blessing to the release plan for the older-skewing courtroom drama that stars Nicholas Hoult, J.K. Simmons and Kiefer Sutherland.

Juror #2 has already had a limited theatrical release so that it can qualify for Oscar consideration, and the critics who’ve seen it have given the movie a 91% score on the aggregator Rotten Tomatoes.

Copyright © 2024, ABC Audio. All rights reserved.

Business

Stock market surges on Election Day

Stephen Maturen/Getty Images

(NEW YORK CITY) — The U.S. stock market climbed higher in early trading on Tuesday, as voters rushed to the polls and the nation awaited the results of a closely contested presidential election.

The S&P 500 ticked upward about 1%. The Dow Jones Industrial Average gained more than 300 points, jumping about 0.8%. The tech-heavy Nasdaq rose 1.3%.

Gains at large tech firms are helping to boost the market. Shares of Nvidia, an artificial intelligence chipmaker, climbed nearly 3% in early trading.

As of the early afternoon, tech giants Microsoft and Amazon each saw shares rise about 1.5%.

The market upswing follows a flurry of largely positive economic news over the past week. Government data released last week showed robust economic growth over a recent three-month period, alongside a continued cooldown of inflation.

U.S. hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers, U.S. Bureau of Labor Statistics data on Friday showed.

Ivan Feinseth, a market analyst at investment firm Tigress Financial, attributed the returns on Tuesday to eager anticipation among investors to move past the U.S. election.

“The nightmare of an endless election and a contentious battle has consumed a lot of the focus and attention. It’s almost over. Then it goes back to the fundamentals of the market,” Feinseth said.

The gains on Election Day extended a banner year for U.S. stocks. The S&P 500 and Nasdaq have each climbed more than 20% this year while the Dow Jones is up about 11%.

The performance has owed to enthusiasm about artificial intelligence as well as resilient economic growth and expectations that interest rates would ease, Feinseth said.

The Federal Reserve cut its benchmark interest rate a half of a percentage point in September, dialing back its yearslong fight against inflation and delivering relief for borrowers saddled with high costs.

The Fed is widely expected to cut interest rates by another quarter of a percentage point when it meets on Thursday, according to the CME FedWatch Tool, a measure of market sentiment.

An expectation of interest rate cuts among investors often sends stocks higher, since lower rates pave the way for cheaper corporate borrowing and the potential for higher profits.

“The market looks toward the future, and the Fed is now on the side of the bulls,” Feinseth said.

Over the full span of the next administration, the market will likely move higher whether the nation elects Vice President Kamala Harris or former President Donald Trump, experts previously told ABC News. However, each candidate’s policies could favor different types of stocks while posing unique risks, they added.

Trump has proposed a combination of low corporate tax rates and loose regulation that would likely bolster corporate profits and propel the stock market higher, experts said. Prices would likely increase under Harris, as they have under the economic stewardship of President Joe Biden, they added.

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