On Sunday, July 21, President Biden announced in a social media post that he will not seek re-election in 2024, throwing his full support behind Vice President Kamala Harris for the Democratic presidential nomination.
In his message, Biden stated that while he initially intended to run for re-election, he believes it is in the best interest of the Democratic Party and the country to step aside and focus on completing his...

Jay Hatfield, CEO at Infrastructure Capital Advisors, said he expects a “muted stock market reaction” to Biden’s resignation from the presidential race, as it had been largely expected as calls for him to bow out grew louder.
“The fact that Biden endorsed Kamala Harris reduces uncertainty. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning,” Hatfield said.
Earnings and central bank policy will also be to...

Market News
【United States】
US stocks ended higher as investors firm bets on Trump win, rate cuts
- US major stock indices closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.
- The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as Septemb...

US Stocks:
The Dow fell 0.93%, gaining 0.72% for the week. The S&P 500 fell 0.71%, and the Nasdaq fell 0.81%, with weekly losses of 1.97% and 3.65%, respectively.
Bonds:
By the end of the trading day, the yield on the 10-year US Treasury was around 4.24%, up about 4 basis points for the day. The yield on the 2-year Treasury was around 4.51%, also up about 4 basis points for the day, with both yields rising about 6 basis points for the week.
Commodities:
WTI August crude futur...

Good morning mooers! Here are things you need to know about today's market:
●Tech-Driven Sell-Off Leads to Second Day of Market Retreat
●Malaysia's Revised MM2H Scheme Faces Criticism Over Stringent Requirements
●Anticipated Recovery in Malaysian Rubber Market Amid Adverse Weather and Global Tensions
●Stocks to watch: SunCon, Genting Plantations, MCE and CIMB
-moomoo News MY
Wall Street S...

G'day, mooers! Check out the latest news on today's stock market!
• U.S. stocks pulled back Friday
• Australian stocks dip at market open amid anticipation of US tech earnings and Biden's political move
• Stocks to watch: South32, Woodside Energy
Wall Street Summary
U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for the week following a se...