U.S. stocks jumped Monday following the shooting of former President Donald Trump who survived with minor injuries at a campaign rally in Pennsylvania. The shooter, Thomas Matthew Crooks, was killed by law enforcement.
More investors are leaning towards Trump’s chances on winning the White House as higher following the attack and after he named Republican Ohio Senator J.D. Vance as his VP pick.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| I:DJI | $40,211.72 | 210.82 | 0.53 |
| SP500 | $5,631.22 | 15.87 | 0.28 |
| I:COMP | $18,472.57 | 74.12 | 0.40 |
The Dow Jones Industrial Average closed at a new record, while the S&P 500 finished just shy of its, building on last week’s gains as investor digested earnings from Goldman Sachs and BlackRock this morning. Additionally, Fed Chair Jerome Powell, during remarks Monday, said the latest inflation read showed signs of progress.
President Biden, in an 8pm Sunday night rare address, which lasted just about ten minutes, urged the country to lower the temperature on what has become a fiercely divided nation over politics, while also wishing Trump good wishes and prayers. He confirmed the investigation is ongoing and the motive for the assassination attempt remains unclear.
While the Republic National Convention kicks off today, Biden said he will be doing his own campaigning touting his administration’s record as we closer to the November elections.
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