US: Wall St opens higher as investors assess US election after Biden exit

WALL Street’s main indexes opened higher on Monday (Jul 22) as investors weighed the odds of a second term for Republican nominee Donald Trump in the November election after President Joe Biden withdrew from the race and endorsed Kamala Harris’s candidature.

The Dow Jones Industrial Average rose 126.96 points, or 0.32 per cent, at the open to 40,414.49.

The S&P 500 opened higher by 39.54 points, or 0.72 per cent, at 5,544.54, while the Nasdaq Composite gained 196.71 points, or 1.11 per cent, to 17,923.65 at the opening bell. REUTERS