In late afternoon trades, all of the Magnificent Seven megacap stocks were in positive ground on the stock market today following an announcement over the weekend that President Joe Biden will not run for re-election. The Nasdaq composite led the charge with a 1.7% surge, tallying a 300-point gain in the process. The Nasdaq 100, covering the 100 largest nonfinancial companies on that exchange, jumped 1.6% and traded not far from session highs. Read More...
In late afternoon trades, all of the Magnificent Seven megacap stocks were in positive ground on the stock market today following an announcement over the weekend that President Joe Biden will not run for re-election. The Nasdaq composite led the charge with a 1.7% surge, tallying a 300-point gain in the process. The Nasdaq 100, covering the 100 largest nonfinancial companies on that exchange, jumped 1.6% and traded not far from session highs.
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