Wall St set for higher open as investors assess U.S. election after Biden exit

Wall Street was poised to open higher on Monday as investors weighed the odds of a second term for Republican nominee Donald Trump in the November election after President Joe Biden withdrew from the race and endorsed Kamala Harris's candidature.

Megacap stocks rose in premarket trading, with most U.S. Treasury yields including the benchmark 10-year bond yield edging lower after Biden's announcement. Meta Platforms, Alphabet, Amazon.com and Apple gained more than 1% each.