Traders and investors have watched Wall Street’s major market averages make advancements on Monday, as markets reopened after Former President Donald Trump was the target of an assassination attempt Saturday at a Pennsylvania rally.
The blue-chip Dow (DJI) has gained 0.6%, the benchmark S&P 500 (SP500) has advanced 0.7%, and the tech focused Nasdaq Composite (COMP:IND) has climbed 1%.
From a sector point of view, seven of the 11 S&P segments are higher, with Energy and Financials at the top of the leaderboard. At the other end of the spectrum, the worst performing sector on the session is Utilities.
The Treasury market has noticed some shifts in yields. The shorter end U.S. 2 Year Treasury yield (US2Y) moved lower by 1 basis point to 4.44%. At the same time, the longer end U.S. 10 Year Treasury yield (US10Y) moved up by 3 basis points to 4.21%.
Moreover, in related yield news, the US30Y jumped above the US2Y for the first time since late January. See how other yields trade across the entire yield curve here.
Trump was injured but said he was “fine” after a barrage of gunfire set off panic, and a bloodied Trump, who said he was shot in the ear, was surrounded by Secret Service and hurried to his SUV.
On the economic calendar front, the July Empire State manufacturing index came in at -6.60 as compared to the consensus of -5.50.
Additionally, Federal Reserve Chairman Jerome Powell is scheduled to participate in an interview hosted by the Economic Club of Washington later in the day.
As for stocks that are on the move, shares of Trump Media & Technology (DJT) shares jumped 33.8% after former President Donald Trump survived an assassination attempt.
Macy’s (M) shares plunged 13.3% after the company announced it had ended acquisition talks with Arkhouse Management and Brigade Capital Management.
Goldman Sachs (GS) ticked up as it delivered a beat on its top and bottom line in its Q2 results. The investment bank’s earnings reflected “strong year-on-year growth in both Global Banking & Markets and Asset & Wealth Management,” Chairman and CEO David Solomon stated.