STOCK MARKET

Dow Jones ended at $40,211.72 (+0.53%)

S&P 500 ended at $5,631.22 (+0.28%)

Nasdaq Composite ended at $18,472.57 (+0.40%)

The stock market began the week on a positive note as investors believed that the unsuccessful assassination attempt on former President Donald Trump would lead to big gains for the Republican presidential candidate and the GOP at the polls in November. Investors believe that if Trump wins the next election, it is possible that his administration could implement policies that are favourable for the stock market, such as stocks. Consequently, the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 all increased. Additionally, friendlier fiscal policies ahead were seen as a further spur for the bull market, with small-cap shares and banks leading the gains. Moreover, the Russell 2000 also gained, with Goldman Sachs suggesting that a second Trump term could help small caps outperform. Overall, investors were optimistic about the market’s momentum and the potential for strong earnings reports as the new season ramps up. Additionally, comments from Federal Reserve Chair Jerome Powell suggesting a willingness to lower interest rates further added to the positive sentiment.

CRYPTO MARKET

Bitcoin rose by 5.73% for the day, with a value of $63,409.85 as of 3:00 PM CST, as stated by Coin Metrics.