Uncertainty surrounds President Biden's re-election campaign, potential impact on stocks, software stocks show promise

From Investor’s Business Daily: 2024-06-29 23:10:00

Dow Jones futures open amid speculation that President Biden could drop out of the race. He is set to discuss the future of his re-election campaign after a disastrous performance at the Thursday debate. Biden’s odds of receiving the Democratic nomination have fallen to 60%, with Kamala Harris at 24% and Gavin Newsom at 14%. Reports suggest a potential GOP sweep, impacting solar and hospital stocks. Stock market highlights show mixed signals, with the Nasdaq powering on. China EV sales data from Nio, Li Auto, XPeng, and Zeekr are expected Monday. IBD Live experts analyze leading stocks and market trends. Megacap stocks like Nvidia and Meta faced challenges and gains last week, while software stocks like AppLovin and ServiceNow show promising signs. Market rally analysis suggests staying vigilant with software and other sectors as presidential race uncertainty looms. Meta, JPMorgan among five stocks near buy points.

In summary, Dow Jones futures are open with uncertainty surrounding President Biden’s re-election campaign. His odds of receiving the Democratic nomination have fallen, while a potential GOP sweep may impact stocks. Software stocks like AppLovin and ServiceNow show promise amidst mixed market signals. Stay informed about market trends and leading stocks as the presidential race adds more uncertainty.ِك/Users/abdulazizalghofaily/Downloads/F2SN5793.jpeg.



Read more at Investor’s Business Daily: Dow Jones Futures: President Biden Reportedly Mulls Campaign Next Steps; Tesla, Amazon In Buy Zones