UPDATE: Stock-market ETFs edge higher as Joe Biden picks Kamala Harris as running mate in race for White House
Moves in stock-index exchange traded funds were muted after presumptive Democratic presidential nominee Joseph Biden Tuesday evening announced that he had selected California Sen. Kamala Harris as his running mate in the 2020 election. The pick is significant because 77-year old Biden would be the oldest president elected since Donald Trump took office in 2017. Harris, who is 55, is the first Black American woman to run on a major national party ticket. She served as California's attorney general and San Francisco's chief prosecutor before becoming a U.S. senator. Biden and Harris will appear together on Wednesday in Wilmington, Del., to deliver joint remarks (http://www.marketwatch.com/story/joe-biden-picks-kamala-harris-as-his-running-mate-2020-08-11), Biden's campaign said. Markets view presidential picks through the lens of the impact on the economy and the candidates overall financial market. The SPDR S&P 500 ETF Trust (SPY) was trading 0.3% higher in after-hours trade Tuesday, the SPDR Dow Jones Industrial Average ETF Trust (DIA) was trading up 0.2% in after-hours action, while the
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 11, 2020 17:40 ET (21:40 GMT)
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