The stock market saw gains today across the board, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all posting positive movements. One standout performer was Trump Media & Technology Group (DJT), which saw a surge in its stock price following Saturday’s unsuccessful attempt on former President Donald Trump’s life at a campaign rally.
The Dow Jones index rose by 0.4%, or 175 points, remaining above the 40,000 level. The Nasdaq also increased by 0.8%, while the S&P 500 moved up by 0.5%. The Russell 2000, a small-cap index, outperformed the major indexes once again by climbing 1.5% for the day.
In the bond market, the 10-year Treasury yield rose by three basis points to 4.22%, while U.S. crude oil prices declined to around $81.77 per barrel. Volume was lower on the Nasdaq but higher on the New York Stock Exchange compared to the previous trading day.
Investors are eagerly awaiting earnings reports from companies such as Netflix, Taiwan Semiconductor, ASML, Bank of America, Morgan Stanley, and UnitedHealth Group this week. Additionally, Federal Reserve Chair Jerome Powell is scheduled to speak at the Economic Club of Washington, D.C. at 11 a.m. ET today.
Following the news of the assassination attempt on former President Trump, Trump Media & Technology Group experienced a significant increase in its stock price, gaining more than 50% in heavy trading volume before settling to a 33% gain. The company, which owns Truth Social, managed to reclaim its 50-day moving average during the trading session.
In the cryptocurrency market, the price of bitcoin surged by nearly 5% to over $62,900, with bitcoin-related stocks also rallying in sympathy. Companies like MicroStrategy, which holds a large amount of bitcoin, and Coinbase Global, a cryptocurrency exchange platform operator, saw notable increases in their stock prices.
Overall, the stock market displayed positive movements today, with notable gains from companies like Apple, Nvidia, Tesla, and Alphabet. Despite some individual stock setbacks, the broader market displayed resilience and momentum.
