What does Biden's withdrawal mean for the global financial markets?

USA current President Joe Biden announced that he will not seek re-election, and supports Vice President Kamala Harris as the Democratic candidate. This news was released at a critical moment less than four months before the November election, which may exacerbate the instability of Wall Street.

Zhitong Finance03:08 ET

A Stock Market Rotation of Historic Proportions Is Taking Shape

By Karen Langley The stock market has suddenly turned upside down. The market's laggards have sprung to life in recent days, while the seemingly impervious "Magnificent Seven" group of technology

WSJ02:19 ET

Elliott Wave Analysis: Nasdaq Tech Stocks and S&P 500 Correction Phase Strategies [Video]

NASDAQ 100 (NDX), SP500 (SPX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave analysis and trading strategies:

FXStreet00:56 ET

Biden resigned, who will take over?

Vice President Harris is the top contender, followed by California Governor Newsom, Michigan Governor Whitmer and Pennsylvania Governor Shapiro.

wallstreetcn00:01 ET

Biden dropped out and Harris took over: What strategy will she use to confront Trump?

With the approaching of the November general election, Kamala Harris, the vice president of the United States and the Democratic candidate for president, has received widespread attention for her business policies and positions.

Zhitong Finance23:28 ET

Here's How Stocks Performed the Last Time a President Ended a Re-election Bid - in 1968

Stocks rose after LBJ's surprise announcement, but the market had already priced in Biden's withdrawal.

MarketWatch21:20 ET