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15/07/24
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Wall Street Bolstered by Goldman Results; Focus on Trump Aftermath, Powell’s Speech
On Monday, stocks on Wall Street were higher as investors evaluated the attack on presidential candidate Donald Trump before more corporate earnings and comments by Fed chief Jerome Powell.
The NASDAQ Composite gained 125 points, or 0.7%, the S&P 500 climbed 25 points, or 0.5%, and the Dow Jones Industrial Average rose 205 points, or 0.5%.
The major indices on Wall Street were higher after events over the weekend, when leading Republican presidential candidate, former President Donald Trump, was shot at in an attempted assassination attempt in Butler, Pennsylvania during a campaign rally. The assailant shot at Trump several times and grazed his ear.
Initial reactions to the attack appeared to indicate that his chances of winning the 2024 presidential race had improved, which may lead to looser regulation over issues from cryptocurrency to climate change and a more hawkish trade policy.
Trump will next speak at the Republican convention in Milwaukee later this week, where it is expected he will be nominated officially as the party’s frontrunner for the election.
On Friday, the Dow Jones Industrial Average rose to higher than 40,000 points for the first time, as it outpaced its peers as expectations of lower rates resulted in traders pivoting into more economically sensitive stocks.
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