Stocks surged on speculation of a possible Trump win in the presidential election

From Nasdaq: 2024-07-15 18:21:10

Stock indexes rallied Monday, with the S&P 500 and Dow Jones Industrials posting new record highs. Speculation of a possible Trump win in the presidential election boosted stocks. Bitcoin surged over +10% on the same speculation. Weak economic news from China raised concerns about global growth prospects, impacting stock markets worldwide. Fed Chair Powell’s comments were slightly dovish, supporting stocks. Interest rates fell slightly with T-note prices supported by gains in European government bonds. US stock movers saw gains in oil service, financial, and cryptocurrency-related companies. Defensive utility stocks moved lower after the market hit record highs. Several companies saw significant gains and losses following various news including earnings reports and downgrades. Trump-related stocks saw an increase following an assassination attempt over the weekend.



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