Biden's surprise decision not to run in the 2024 presidential race has added to the current political uncertainty and could affect market stability.
Market participants could seize the opportunity to buy the dip in tech stocks amidst IT outages affecting large tech stocks.
Expectations of Federal Reserve interest rate cuts starting in September could contribute to optimism in the equity market.
Verizon's stock fell in premarket trading after a mixed fiscal second-quarter report, with some segments showing growth and others decline.
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