Global markets made solid gains after US President Joe Biden dropped out of the 2024 presidential election yesterday and endorsed Vice President Kamala Harris as the Democratic nominee.
European stocks saw an uptick, and morning trading in the US was higher following Mr Biden's announcement.
The Dow rose 123.7 points, or 0.3 per cent.
The S&P 500 was up 0.7 per cent and the Nasdaq was 1.1 per cent higher.
European markets were also higher, and Asian markets closed mostly lower.
US Treasuries rose slightly early today, trimming yields, and the dollar was softer against major currencies.
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