The market saw a surge in funds, with some safe assets and investments that would benefit from a Trump election concentrating in them, creating the so-called "Trump trade."
The government bond market was weakened by concerns that the imposition of a universal tariff, a campaign promise made by former President Trump, would lead to increased inflation.
On the 8th (local time) at the New York Stock Exchange, the Dow Jones Industrial Average, which attracted blue chips, recorded 42,111.72, up 0.53% from the previous trading day.
The benchmark S&P 500 index of large stocks rose 0.28% to 5,631.22, while the tech-heavy Nasdaq Index rose 0.18% to 5,631.46.
The index also closed at 18,472.57, up 0.40%. Despite some concerns that the attack on former President Trump on the 13th would increase market uncertainty,
Investors are judging former President Trump to have a good chance of winning the November presidential election. "The good news is that
"The fact that former President Trump only suffered an ear injury and did not die," he said, and "As a result, I think the market will continue to gain momentum."
Trump Media & Technology Group (TMTG), a major shareholder of former President Trump, soared 31.37%. Video Platform, a partner of TMTG,
The Rumble of the Americas also closed up 20.71%. Firearms manufacturer Smith & Wesson's stock price was up 11.38%, while private prison operator GEO Group's stock price was up 9.35%.
The stock price soared. Former President Trump has encouraged support from gun advocates, pledged to lift Biden's gun restrictions, and has maintained a stance on prison privatization.
Health insurers Humena and UnitedHealth Group each received 0.56% backing from President Trump's pledge to repeal health insurance reform.
%, up 0.75%.
2024/07/16 10:38 KST
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