Election mentions jump on company conference calls as Nov. 5 approaches

Voters in the U.S. are heading to the polls for a close presidential race between Kamala Harris and Donald Trump, causing some uncertainty among business leaders. Executives at S&P 500 companies are discussing the election more than in recent cycles, with many mentioning the word “election” on earnings calls. Companies are cautious due to election uncertainty and potential policy impacts, with some expecting a “trough” in air travel around Election Day. Market participants are also monitoring the Federal Reserve’s upcoming meeting and potential rate cuts. Overall, the election is creating a sense of caution and pause in various industries, with some hoping for increased clarity post-election.