1813 ET - Hennessy Advisors sees consumer spending driving corporate profits and stock market growth through the end of the year and beyond. Chief Executive Neil Hennessy says with the presidential election and initial Federal Reserve rate cuts behind, consumer sentiment has grown positive and investors can return their focus to core fundamentals of the economy. "Our focus remains on navigating any economic environment to deliver long-term value for our shareholders," Hennessy said, after reporting a 49% increase in net income for 2024. Hennessy shares rise 8% to $13.20 after hours. (kailyn.rhone@wsj.com; @onlykailyn)
(END) Dow Jones Newswires
December 11, 2024 18:13 ET (23:13 GMT)
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