U.S. stocks jumped Monday following the shooting of former President Donald Trump who survived with minor injuries at a campaign rally in Pennsylvania. The shooter, Thomas Matthew Crooks, was killed by law enforcement.
More investors are leaning towards Trump's chances on winning the White House as higher following the attack and after he named Republican Ohio Senator J.D. Vance as his VP pick.
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 closed at a new record, while the S&P 500 finished just shy of its, building on last week's gains as investor digested earnings from Goldman Sachs and BlackRock this morning. Additionally, Fed Chair Jerome Powell, during remarks Monday, said the latest inflation read showed signs of progress.
President Biden, in an 8pm Sunday night rare address, which lasted just about ten minutes, urged the country to lower the temperature on what has become a fiercely divided nation over politics, while also wishing Trump good wishes and prayers. He confirmed the investigation is ongoing and the motive for the assassination attempt remains unclear.
While the Republic National Convention kicks off today, Biden said he will be doing his own campaigning touting his administration's record as we closer to the November elections.
Senator Marco Rubio and North Dakota Governor and businessman Doug Burgam did not get the nod, instead Trump has picked Sen. J.D. Vance (R) Ohio.
Powell spoke out on the assassination attempt on former President Donald Trump, while also hinting at what the latest inflation read means for the Federal Reserve and future rate cuts.
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Trump Media and Technology, the social media company which counts the former president as its largest shareholder, saw its shares surge Monday following the assassination attempt that was a near miss for Trump.
BlackRock, the world's largest asset manager with over $10 trillion in assets, disclosed it had an television ad featuring Trump's shooter, Matthew Thomas Crooks.
"As our leadership team communicated to colleagues last night, BlackRock strongly condemns political violence of any kind and will do our part to promote civility and unity in the country. In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which several unpaid students briefly appeared in the background, including Thomas Matthew Crooks. We will make all video footage available to the appropriate authorities, and we have removed the video from circulation out of respect for the victims" the company said in a statement shared by FOX Business' Charlie Gasparino.
Separately, CEO Larry Fink condemned the attempted assassination of Trump, before discussing the asset manager's latest quarterly results on Monday.
"I'd like to begin to by addressing what occurred over the weekend. The assassination attempt under the former President Trump is important. I was very relieved he wasn't seriously injured. And I'm thinking about the victims of the shooting, especially the innocent person who was killed. As I wrote to my Blackrock colleagues in the hours immediately following the horrific events Saturday evening. We must condemn political violence of any kind, period. And as Americans, we must stand united to do our part to promote civility and unity for our country and provide hope for all Americans" he told investors.
Bitcoin blasted past the $62,000 level, rising in tandem with stocks. BlackRock, which currently hosts the largest spot Bitcoin ETF told investors on Monday, that demand for the crypto is strong.
" BlackRock's Bitcoin ETF continues to lead, gathering another $4 billion in the second quarter for $18 billion of net inflows in its first six months" Blackrock Chief Financial Officer Martin Small said on the company's earnings conference call.
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A top Democratic strategist and fundraiser emailed journalists Saturday suggesting the attempted assassination of former President Trump was possibly "staged"...now he is backtracking those remarks amid backlash.
Bill Ackman, the billionaire hedge fund activist, hasn't been vocal about outright supporting former President Donald Trump...until this weekend.
Ackman has been at the forefront of business leaders condemning antisemitism across college campuses, including his own Alma Mater Harvard.
Tesla CEO Elon Musk , one of the first corporate executives to speak out following the attempted shooting of former President Donald Trump, stepped up his support of the GOP's candidate.
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Amazon founder Jeff Bezos, who has a history of butting heads with Trump, complimented the former president on his bravery amid an attempt on his life.
Following the attempted assassination on former President Donald Trump, Fox News is following all the developments as new details emerge about the shooter and law enforcement's handling of the events that took place at a Pennsylvania rally on Saturday.
Coverage for this event has ended.