Stock Market Winners & Losers: Tech Stocks Leads Markets After Biden Backs Out | Kamala Harris Presidential Policies Likely Still Be Biden’s
Stocks rose as investors reacted to President Biden's exit from the race, boosting market volatility. The S&P 500 and Nasdaq each gained over 1%.
Earnings reports from Alphabet, Tesla, and Chipotle are anticipated, along with key economic updates on GDP and the Personal Consumption Expenditures index.
Kamala Harris gained strong support after Biden's endorsement, with ActBlue raising $27.5 million in five hours. The FCC is requiring disclosures for AI-generated political content.
Key issues for the next President include the expiration of Trump tax cuts, challenges in progressive policies, the fading issue of Medicare for All, and Biden's popular tax policies to stabilize Medicare and Social Security.
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