Markets steady as Trump survives attack, creating political uncertainty

From Investing.com: 2024-07-14 19:55:05

U.S. stock futures held steady as speculation arose regarding the impact of an attack on presidential candidate Donald Trump. Risk appetite remained subdued amidst political uncertainty. Major indexes showed minimal movement.

Trump survived an assassination attempt, possibly boosting his 2024 presidential chances. He is scheduled to speak at the Republican convention in Milwaukee, creating political uncertainty in the markets.

Wall Street hit near record highs on Friday amid optimism for rate cuts. Investor sentiment was buoyed by economic data, pushing the to a new high. Expectations of lower rates led to increased trading in economically sensitive stocks.

The second quarter earnings season heats up this week with key players like Goldman Sachs, BlackRock, Bank of America, and Morgan Stanley reporting. Tech giants like ASML and Netflix are also slated to announce earnings. Markets are hopeful for positive results despite mixed reports from major banks.



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