New York Sen. Hillary Clinton will drop out of the presidential race on Friday and cede the Democratic nomination to Illinois Sen. Barack Obama, ABC News reported on Wednesday, without citing any sources. CNN also reported the same news based on multiple sources.

Obama secured the Democratic Party's presidential nomination on Tuesday night after a long and hard-fought primary battle with Clinton for the right to face Republican Sen. John McCain of Arizona in the November 4 general election.

Clinton "will hold an event with supporters by Friday, likely ending her historic bid for the White House and ceding the Democratic nomination to Barack Obama," reported ABC News, following the news with a comprehensive analysis of the battle for the nomination.

RAW STORY has more details here.

(with wire reports)

This video is from ABC's World News, broadcast June 4, 2008.

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