Market Rally Broadens Amid Biden Exit; CrowdStrike Hits Another Sell Signal (Live Coverage)
In this article:
Investors fell back in love with technology for at least one trading session as the Nasdaq led major indexes in a broad rally Monday. All but two of the Magnificent Seven megacap stocks ended up in positive ground on the stock market today following an announcement over the weekend that President Joe Biden will not run for reelection, paving the way for Vice President Kamala Harris from the tech-rich state of California to be his successor on the ticket. The Nasdaq composite led the charge with a 1.6% surge, tallying a gain of 280 points in the process.