Market Stability Maintained Following Foiled Assassination Attempt on President Trump: Real Time Updates

Money | July 14, 2024, 7:54 p.m.

President Biden's address after the shooting of former President Donald Trump caused U.S. stock futures to hold steady with modest gains. The shooter, Thomas Matthew Crooks, was killed by law enforcement, and the motive for the assassination attempt remains unclear. As the Republican National Convention starts, Biden plans to focus on his administration's accomplishments leading up to the November elections. Investors will be watching closely as second-quarter earnings season ramps up, with companies like Charles Schwab, Goldman Sachs, and AmEx set to release results. The S&P 500 is sitting at $5615.35, near an all-time high, while the Dow Jones Industrial Average exceeds 40,000. The market is anticipating a potential rate cut in September following last week's cooling CPI inflation data. The nation remains politically divided, emphasizing the importance of reducing tensions and coming together.