Nasdaq and S&P 500 rose after Biden dropped out, uncertainty injected into stock market

From Yahoo Finance: 2024-07-22 11:46:27

US stocks rose on Monday, with tech stocks leading gains as investors analyzed the implications of President Joe Biden dropping out of the presidential race. The S&P 500 and Nasdaq Composite rose 0.7% and 0.5% respectively, bouncing back from their worst weekly losses since April. The Dow Jones Industrial Average was near flat. Nvidia led tech stocks higher following heavy losses last week. Biden’s decision injects more uncertainty into the stock market, overshadowing upcoming earnings reports and key inflation data. This could impact Trump’s chances of reelection, potentially sparking market volatility.



Read more at Yahoo Finance: Nasdaq leads stocks higher after Biden backs out