Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators

23 July 2024

Global markets have stabilized following Joe Biden’s withdrawal from the U.S. presidential race, with investors shifting their focus to corporate earnings and economic data.

While Biden’s exit has introduced uncertainty about a potential Republican victory under Donald Trump, markets are now in a holding pattern as they await further developments.

Investors are particularly interested in upcoming earnings reports from major tech companies and how polling data might affect market volatility and equity performance.

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