- July 15, 2024
- Posted by: legaleseblogger
- Category: Related News
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Stock Market Reacts to President Trump’s Shooting
U.S. stocks saw a significant surge on Monday after news broke of the shooting of former President Donald Trump at a campaign rally in Pennsylvania. Despite sustaining minor injuries, Trump survived the attack, which resulted in the death of the shooter, Thomas Matthew Crooks, by law enforcement.
Investors are showing increased confidence in Trump’s chances of winning the White House, particularly after he announced Republican Ohio Senator J.D. Vance as his vice presidential pick following the incident.
| 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 reached a new record high, while the S&P 500 fell just short of its own record, continuing the positive momentum from last week as investors absorbed earnings reports from Goldman Sachs and BlackRock. Federal Reserve Chair Jerome Powell also provided an optimistic outlook on inflation during his remarks on Monday.
President Biden addressed the nation in a rare Sunday night speech, lasting approximately ten minutes at 8pm, calling for unity in a deeply divided political landscape. He extended well wishes and prayers to Trump, confirming that the investigation into the assassination attempt is ongoing with an unclear motive.
As the Republican National Convention begins, Biden expressed plans to focus on his administration’s achievements leading up to the upcoming November elections.
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