By Nicole Goodkind, CNN New York (CNN) — Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European stocks saw an uptick and premarket trading in the US was higher following Biden’s announcement. Dow futures rose 40 points, or 0.1%. S&P 500 futures were up 0.5% and Nasdaq future were 0.8% higher. European markets were higher, and Asian markets closed mostly lower. US Treasuries rose slightly early Monday, trimming yields, and the dollar was softer against major currencies. The Trump trade falters Significant doubt about Biden’s ability to beat former P
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