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On Sunday, President Biden announced he will not seek reelection in November, adding to uncertainty about who will be in the White House in 2025.
Stocks appeared to shrug off worries related to the election, with the S&P 500 rising over 1% on Monday. Investors also gained clarity over the state of the Democratic ticket, as Biden was joined by several prominent Democrats, most notably Speaker Emerita Nancy Pelosi, in endorsing Vice President Kamala Harris as the nominee.
In a note to clients on...
>>> Read more: Biden dropping out presents 'another curveball' for stocks
Stocks appeared to shrug off worries related to the election, with the S&P 500 rising over 1% on Monday. Investors also gained clarity over the state of the Democratic ticket, as Biden was joined by several prominent Democrats, most notably Speaker Emerita Nancy Pelosi, in endorsing Vice President Kamala Harris as the nominee.
In a note to clients on...
>>> Read more: Biden dropping out presents 'another curveball' for stocks
