Markets Rebound as Investors Navigate Political and Economic Shifts
Tech stocks lead recovery despite uncertainties from Biden's exit and upcoming earnings season.
- The S&P 500 and Nasdaq saw significant gains, driven by a tech stock rally led by Nvidia.
- Warren Buffett's Berkshire Hathaway sold $1.5 billion in Bank of America shares, the first reduction since 2019.
- CrowdStrike faces scrutiny after a software update crash, impacting millions of devices and leading to a 13% stock drop.
- Boeing secured a major order from Korean Air for 40 wide-body jets, signaling confidence in its recovery.
- Investors are hedging against market volatility amid political changes and anticipated Federal Reserve rate cuts.
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