On Saturday, market veteran Ed Yardeni pointed out in a note that the S&P 500 had crossed back above its 50-day moving average, and backed his view for the broad market index to hit 7,000 by year’s end, surpassing the record high of 6,920.
The Democrat has led the US capital since 2015, most recently clashing with Trump over the deployment of the National Guard.
The Democrat’s decision will likely open up a competitive 2026 race to lead the nation’s capital.
A judge dismissed the Georgia election interference case against President Donald Trump and others on Wednesday after a request from the prosecutor, making the historic racketeering prosecution the latest in a string of legal cases against Trump that have dissolved since he was reelected to a second term.
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