Market Extra: Women could add about $3 trillion to U.S. stocks over next decade, says S&P Global

Over the long term, the U.S. stock market is driven by earnings that are supported by underlying economic growth and one way to ensure both is to add more women to the workforce, according to economists at S&P Global.

In a recent research paper, S&P Global economists wrote that acceleration in U.S. gross domestic product growth could add $5.87 trillion to global market capitalization in 10 years, if more women entered the workforce.

For domestic stocks that would translate to $2.87 trillion over the next decade, according to the S&P Global economists.

Presently, the market value of the benchmark S&P 500 index SPX, +0.07% stands at $23.4 trillion, according to FactSet data.

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