Investing.com -- The tech-led selloff looks set to continue Thursday, while Ford has also disappointed with a second-quarter profit miss. Biden points to a new generation after addressing the nation, while the European earnings season presses on.President Joe Biden addressed the nation on Wednesday for the first time since dropping his reelection bid, explaining he was stepping aside to allow a new generation to take over after weeks of concerns about his age and health.
The spotlight now falls on Vice President Kamala Harris, who is set to be formally nominated as the Democratic Party’s candidate as soon as next week, before the party's Aug. 19-22 convention in Chicago. Ford stock fell over 11% after hours following the Detroit automaker posting an adjusted profit of 47 cents per share, significantly missing analysts' expectations of 68 cents, according to LSEG data.