Stocks advanced on Monday as investors evaluated the impact of the assassination attempt on former President Donald Trump and geared up
for a big week of corporate earnings.
The Dow Jones Industrials Average plowed ahead 185.36 points to 40,186.26.
The S&P 500 index picked up 34.07 points to 5,649.37.
The NASDAQ popped 172.55 points, or 1%, to 18,574.74.
Traders were monitoring the latest developments with the attempted assassination of Trump, the Republican candidate for president. While it had potential to create more political strife in the country, investors also speculated this could further propel Trump and Republicans in the polls ahead of the November election.
The Republican National Convention commences Monday in Milwaukee, Wisconsin, with Trump leading President Joe Biden in national polls.
Insurers Humana and UnitedHealth Group, which could benefit from less cost pressures coming from a Republican administration, rose in the session.
Goldman Sachs shares rose after posting earnings that exceeded analyst expectations. It’s one of the more than 40 S&P 500 companies reporting second-quarter earnings this week, a list that also includes household names such as Bank of America, United Airlines and Netflix.
Investors will also follow remarks from Federal Reserve Chair Jerome Powell at the Economic Club of Washington, D.C. at 12:30 p.m. ET.
Prices for the 10-year Treasury faded, raising yields to 4.23% from Friday’s 4.18%. Treasury prices and yields move in opposite directions.
Oil prices dipped 38 cents at $81.83 U.S. a barrel.
Gold prices revied $6.90 to $2,427.60
