The U.S. election is about two weeks away – and who winds up in the White House and in Congress could have an impact on key corners of the stock market, according to Bank of America. "Profits accelerating are far more important than who is sitting in the Oval Office. But politics can make or break sub-sectors," the firm wrote in a Friday note. With this in mind and with volatility expected to rise as the Nov.
mountain Meta Platforms in 2024 "While a Democrat-led will likely continue to bring more antitrust pressure to the Big-3 , a split congress is less likely to pass legislation that could change current operating environment," Post wrote. Meanwhile, Harris' plan to increase corporate income taxes to 28% from the current level of 21% would likely pose a headwind to retailers that have high domestic exposure, according to analyst Lorraine Hutchinson.