The S&P 500 Index ($SPX) (SPY) Monday closed up +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.27%.
Stock indexes rallied Monday, with the S&P 500 and Dow Jones Industrials posting new record highs. Stocks rose after Saturday’s attempted assassination of US presidential candidate Donald Trump galvanized support and sympathy for Trump and bolstered speculation he would win the election in November. Stocks have support on anticipation that a Trump win would lead to tax cuts, tariffs, and looser regulations that could boost domestic corporate profits. Stocks maintained their gains Monday after dovish comments from Fed Chair Powell.
