A trader works on the trading floor of the New York Stock Exchange on July 3, 2024.
Brendan McDermid | Reuters
Investors bet on stock market gains on Monday failed assassination attempt Support for former President Donald Trump would give the Republican presidential nominee and the Republican Party a huge advantage in November polls.
More friendly fiscal policies in the future are believed to further stimulate the expansion of the bull market that began to form last week. Small-cap and bank stocks led gains on Monday.
this Dow Jones Industrial Average rose 325 points, or 0.8%, while S&P 500 Index up 0.7%. Both hit new intraday highs during the session. this Nasdaq Index rose 0.8%, benefiting from gains of nearly 2% apple follow upgrade On Wall Street.
“The good news is that former President Trump’s injuries were no bigger than his ears, he was not killed,” Sam Stovall, chief investment strategist at CFRA Research, said on CNBC’s “Global Exchange.” “So I think the market is going to continue to hold. Its momentum.”
The Republican National Convention opens in Milwaukee, Wisconsin on Monday, with Trump leading President Joe Biden in national polls.
humana and UnitedHealth Group The intraday gains were more than 1%. Insurers could benefit from reduced cost pressures under a Republican administration.
this Russell 2000 It rose more than 1%, hitting its highest level since 2022 and on track for a fourth consecutive session of gains. Goldman Sachs said Trump’s reelection could help small-cap stocks outperform, citing their strong performance following Trump’s 2016 victory.
“Trump is already the clear front-runner, and the shooting only solidifies that position,” Vital Knowledge founder Adam Crisafulli said in a report on Sunday.
Goldman Sachs Share price rose more than 1% Announce revenue This beat analysts’ expectations. this SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Bank ETF (KRE) Both rose more than 3%.
Goldman Sachs is one of more than 40 S&P 500 companies Second quarter financial results released this week As the new season approaches. This list also includes household names such as Bank of America, United Airlines and Netflix.
In addition to the earnings report, investors will also pay attention to Federal Reserve Chairman Jerome Powell’s speech at the Economic Club of Washington, D.C. at 12:30 pm ET.
