Rishi Sunak will become the next U.K. prime minister after his last competitor, Penny Mordaunt, withdrew, just minutes before a deadline to get support from 100 lawmakers. Sunak, the former chancellor of the exchequer, will become the first ethnic minority leader of the U.K. Sunak is set to speak in the next half hour.
US 500 forecast: the index may enter a downtrend
Amid escalating tensions in the Middle East, the US 500 has resumed its decline. The US 500 forecast for today is negative. US 500 forecast: