Dow futures rise 200 points after Trump survives assassination attempt: Live updates

Stock futures advanced on Monday as investors evaluated the impact of the assassination attempt on former President Donald Trump and geared up for a big week of corporate earnings.

Futures on the Dow Jones Industrial Average rose 210 points, or 0.5%. S&P 500 futures added 0.4%, while as did Nasdaq 100 futures.

Traders were monitoring the latest developments with the attempted assassination of Trump, the Republican candidate for president. While it had potential to create more political strife in the country, investors also speculated it could lead to further gains in the polls for Trump and Republicans ahead of the November election.

“The good news is that former President Trump was not injured more than the ear, that he was not killed and as a result I think the market will continue on its momentum ways,” said Sam Stovall, chief investment strategist at CFRA Research on CNBC’s “Worldwide Exchange.”

The Republican National Convention will begin Monday in Milwaukee, Wisconsin, with Trump leading President Joe Biden in national polls.

Shares of insurers Humana and UnitedHealth Group, which could benefit from less cost pressures coming from a Republican administration, gained in premarket trading

“Trump was already the clear frontrunner, and the shooting will only cement that status,” said Adam Crisafulli, founder of Vital Knowledge, said in a note on Sunday. 

Elsewhere, investor attention is shifting to second-quarter earnings reports, which could be the catalyst to extend the market’s rally to new records this year. More than 40 S&P 500 companies report second-quarter earnings this week, including household names such as Bank of America, United Airlines and Netflix.

Goldman Sachs shares rose on Monday after posting earnings that exceeded analyst expectations. It’s the latest in a slew of reports from major banks that kicked off the new reporting season.

Investors will also follow remarks from Federal Reserve Chair Jerome Powell at the Economic Club of Washington, D.C. at 12:30 p.m. ET.

The blue-chip Dow notched a fresh all-time high above 40,000 on Friday, bringing its 2024 gains to more than 6%. The S&P 500 has jumped nearly 18% in 2024 to a new record, powered by technology giants.