Index futures rose on Monday as markets reopened after former President Donald Trump was an apparent assassination target at a rally in Pennsylvania on Saturday.
S&P 500 Index Futures (SPX) +0.4%Nasdaq 100 Futures (US100:IND) +0.3% and Dow futures (India) +0.6%.
10 Year Treasury Bill yield(10 years USD) rose 4 basis points to 4.23%. 2-year return rate (US2Y) remained unchanged at 4.47%. How to see Treasury yields have crossed the curve on the Seeking Alpha Bonds page.
Trump was injured but said he was “OK” after a series of gunshots sparked panic, while Trump, who said he had been shot in the ear and was covered in blood, rushed to his SUV as he was surrounded by Secret Service agents.
“There was only limited market reaction to the shooting at a campaign rally for former U.S. President Donald Trump over the weekend,” said Paul Donovan of UBS Group AG.
“Markets are concerned about policy possibilities, and while individuals may condemn violence against political candidates, they will not necessarily change their policy forecasts,” Donovan added.
U.S. stocks rebounded from the previous session’s losses on Friday to end the week on a strong note, helped by a rebound in Big Tech stocks and more encouraging developments on inflation.
“Also worth noting is the stock market, which had a fascinating week last week as the Mag-7 index underperformed the index,” said Deutsche Bank’s Jim Reid.
Reed added: “So if a correction does occur in tech stocks, given its size, the market is likely to decline, but several sectors could rise significantly.”
Traders will be keeping an eye out for more gains this week.
Goldman Sachs (GS) second-quarter results beat expectations.
The Empire State Manufacturing Index for July was -6.60, compared to the consensus estimate of -5.50.
Fed Chairman Powell will be interviewed later in the day by the Economic Club of Washington.
