Evening Market Recap - Monday, 22-Jul

US equities finished higher in relatively quiet Monday trading, with the S&P and Nasdaq rebounding after last week's declines. Politics dominated the headlines following Biden’s exit from the presidential race, though there was also skepticism about whether it provides a meaningful shift in the near-term election calculus. Flash US PMIs, new home sales, Q2 GDP, durable goods orders and PCE inflation are the notable releases for the week.