S&P 500 clocks best day since early June. Republicans call on CrowdStrike CEO to testify. Buffett sell $1.5 billion BofA stake.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeGeorge Kurtz to testify
before the House Committee on Homeland Security, following a faulty software update that crashed millions of Microsoft Windows devices. Rep. Mark Green and Rep. Andrew Garbarino said the incident was a"warning about the national security risks associated with network dependency," according to a letter issued on Monday. CrowdStrike shares slumped 13%. Reeling from the IT glitch,shares, marking the first reduction in its stake since 2019.
Wall Street had anticipated a Trump victory following President Joe Biden's poor June debate performance. However, Biden's endorsement of Vice President Kamala Harris has complicated those expectations. This isin its stride. His endorsement of Harris prompted donors, including Disney heiress Abigail Disney, to support her candidature. Harris and the Democratic Party raised $100 million in online donations after Biden's exit.
Before the economic data, automakers start rolling out their earnings. CNBC's Michael Wayland has more on what to expect andCNBC's Samantha Subin, Hakyung Kim, Lisa Kailai Han, Ashley Capoot, Sarah Min, Alex Sherman, Kate Rogers, Yun Li and Leslie Josephs contributed to this report.
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