Stocks Rise in Muted Reaction to Biden Pulling Out: Markets Wrap.

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  • Additional Information
    • Subject Terms:
      BLOOMBERG LP 942270000
    • Subject Terms:
      BIDEN, Joe, 1942-; HARRIS, Kamala, 1964-
    • Abstract:
      European stocks rebounded and US equity futures indicated gains as investors focused on earnings rather than Joe Biden's decision to end his presidential reelection campaign and endorse Kamala Harris. The reaction to Biden's announcement has been fairly muted, with the dollar strength slipping slightly and the 10-year Treasury yield dropping. Investors are now considering whether the "Trump Trade" is still viable, and the uncertainty may lead to market volatility. Major earnings reports are expected this week, and investors will also be monitoring economic activity data in Europe and the US. [Extracted from the article]
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