'Democrats Will Not Formally Nominate Biden Before August; Democrats Had Considered Holding The Vote As Early As July 21; Push Drew Criticism From Members Urging Biden To Stand Aside' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
The Democratic Party will delay the formal nomination of President Joe Biden until at least August, following criticism that the process was being rushed. The nomination will still occur virtually, but no delegate votes will be cast in July.
July 17, 2024 | 2:59 pm
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The delay in the Democratic Party's formal nomination of President Joe Biden could introduce short-term political uncertainty, potentially impacting market sentiment and the SPY ETF.
Political events and uncertainties can influence market sentiment. The delay in Biden's nomination may create short-term uncertainty, potentially affecting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50