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Stocks in focus after Biden drops out: Live Updates

Investors weigh in after President Biden officially dropped out of the 2024 race for the White House creating political limbo ahead of the November election. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

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Breaking News04:06 PM, July 22, 2024

Stocks wrap winning Monday, Nasdaq has best day since June

U.S. stocks rose across the board Monday following Biden's decision to drop out of the 2024 race for the White House.

All three of the major market averages ended the session higher as the Nasdaq Composite registered its best day since June with help from Nvidia. Reports surfaced that the AI chipmaker is working on a new chip dedicated to China.

Nasdaq Composite Index.
$
18007.56776

Additionally, it will be a busy week of corporate earnings with reports from Tesla Tuesday as well as GM, Ford and Google parent Alphabet later in the week.

We’ll hear from 134 companies in the S&P 500, or more than one-quarter of the benchmark index, including seven members of the Dow. 

Posted by FOX Business Team
Developing Story02:25 PM, July 22, 2024

CrowdStrike shares crushed

The global IT outage continues to pummel CrowdStrike investors with shares down over 11% on Monday.

Crowdstrike Holdings Inc.
$
266.99

Delta Airlines is just one business still reeling from the outage which began late Thursday evening wreaking havoc on travelers over the weekend and through Monday.

Posted by FOX Business Team
Developing Story01:08 PM, July 22, 2024

Could Biden step down before his term ends?

President Biden will not run for re-election in the 2024 race for the White House but he will serve out his term.

Still, some people are wondering if he'll be able to? Here is Steve Forbes' view on that potential scenario.

Posted by FOX Business Team
Developing Story10:48 AM, July 22, 2024

Billionaire Peter Thiel?

Posted by FOX Business Team
09:24 AM, July 22, 2024

Democrats and the economy

Posted by FOX Business Team
09:20 AM, July 22, 2024

VP Kamala Harris will replace Biden

Following his decision to not run for re-election, President Biden threw his support behind his VP Kamala Harris.

She is now preparing for her own 2024 race and will take on former President Donald Trump and his VP pick, JD Vance.

More on Kalama Harris here.

Posted by FOX Business Team
Developing Story09:19 AM, July 22, 2024

The 2024 race for the White House

Following President Biden's announcement that he will not seek re-election, the Democratic party is in limbo creating even more chaos and uncertainty for the 2024 election.

Follow LIVE UPDATES HERE on the race for the White House.

Posted by FOX Business Team
09:18 AM, July 22, 2024

President Biden pens letter to American people

President Biden announced he won't seek re-election on Sunday after tremendous pressure by the Democratic party and the American public after his debate performance against former President Trump showed his mental challenges.

Read his full letter:

Posted by FOX Business Team
Developing Story09:18 AM, July 22, 2024

Business leaders speak out after Biden drops out

America's top corporate leaders are speaking out after President Biden announced Sunday that he will suspend his 2024 re-election campaign after intense pressure from within the Democratic Party following the disastrous debate performance last month.

Business leaders also reacted swiftly following the assassination attempt on former President Trump.

Posted by FOX Business Team

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