Stock market today: Dow ticks higher with Powell speech, Trump-led sweep in focus

The positive sentiment around potential interest rate cuts and strong corporate earnings, especially from Disney, indicates a bullish outlook for the stock market. Additionally, the stability in jobless claims further strengthens the economic backdrop. I predict that stocks will likely trend positive in the near term as these factors continue to play out.

Given the current political climate and the potential economic policies of the incoming administration, stocks in sectors that may benefit from infrastructure investments like industrials and materials could see upward movement. Furthermore, the expected changes in interest rates will likely boost these sectors.