US stock indices gained on Monday with benchmark S&P 500 hitting fresh record high on increased bets over presidential candidate Donald Trump winning a second term after he survived an assassination attempt.
At 12:01 a.m. ET, the Dow Jones Industrial Average was up 328.71 points, or 0.82 per cent, at 40,329.61, the S&P 500 was up 40.53 points, or 0.72 per cent, at 5,655.88, and the Nasdaq Composite was up 163.54 points, or 0.89 per cent, at 18,561.98.
At the opening bell, the Dow Jones Industrial Average rose 137.50 points, or 0.34 per cent, to 40,138.40. The S&P 500 was higher by 22.81 points, or 0.41 per cent, at 5,638.16, while the Nasdaq Composite gained 87.47 points, or 0.48 per cent, to 18,485.91.
Donald Trump was shot in the ear at a Pennsylvania rally on Saturday. Moments later, he pumped his fist, and his campaign said he was fine.
Trump Media & Technology Group stock soared 36.6 per cent as odds of the former US president victory rose after the assassination attempt.
In premarket trading, the stock rose 67 per cent.
Crypto stocks surged after Bitcoin climbed above $62,000 after the attack on Trump, who is seen as pro-cryptocurrency leader.
Goldman Sachs shares added 1.5 per cent after reporting stronger profit and revenue for the second quarter.
BlackRock stock fell 0.2 per cent despite beating profit forecasts.
Conservative video network company Rumble Inc. soared 10 per cent.
Gun makers, private prison and health insurers also rose on Trump’s rising odds of victory.
In the bond market, Treasury Yields edged higher. The 10-year Treasury yield climbed to 4.21 per cent from 4.19 per cent late on Friday.
Crude oil
Oil prices were steady on Monday. Brent crude futures were up 3 cents at $85.06 a barrel by 1326 GMT. US West Texas Intermediate crude gained 7 cents to $82.28.
Bullion
Gold prices were largely unchanged on Monday and held above $2,400 per ounce.
Spot gold was steady at $2,413.09 per ounce, as of 1044 GMT. US gold futures were down 0.1 per cent at $2,418.00.
Spot silver fell 0.1 per cent to $30.74.
3.6 Crore Indians visited in a single day choosing us as India’s undisputed platform for General Election Results. Explore the latest updates here!
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
