ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
We don't usually do politics here, but the opening of the Republican National Convention and the assassination attempt against Donald Trump have shaken the financial world. |
A green wave swept over the U.S. stock market on Monday as investors placed bets on a red wave: that former President Donald Trump would win the White House in November, and that he'd carry Congress with him. |
The Dow Jones Industrial Average closed at a record high 40,211.72, while the broad Standard & Poor's 500 index touched the all-time high of 5,666.94 during the session after the Trump shooting at a weekend rally. The failed assassination gave Trump strong momentum going into the convention in Milwaukee, Wisconsin, and that's spilling over into hopes Republicans can win Congress, Medora Lee reports. |
CEOs respond to the shooting |
The nation's top business leaders publicly expressed support for Trump and condemned political violence following Saturday's assassination attempt, at a campaign rally in Pennsylvania. |
"I pray for President Trump's rapid recovery," Apple CEO Tim Cook said on X. |
"We're heartbroken for the victims and their families," Walmart CEO Doug McMillon wrote on LinkedIn. |
Elon Musk has said he plans to commit around $45 million a month to a new super political action committee backing Trump, according to the Wall Street Journal. But most of the nation's top CEOs will probably remain on the political sidelines through November, Jessica Guynn reports. |
Trump Media's stock price surged more than 31% Monday following the assassination attempt. Shares for Trump Media & Technology Group (stock symbol: DJT), majority-owned by Trump, were trading as high as $46.27, up nearly 50%, before ending the day at $40.58. |
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Daniel de Visé covers personal finance for USA Today. | | | | The Dow closed at a record high and the S&P 500 hit a record high intraday on hopes Trump will win the presidency and help Republicans sweep Congress. | | | |  | The nation's top CEOs publicly expressed support for Trump and condemned violence but didn't come off the sidelines in the November rematch with Biden | | | | Shares of Trump Media & Technology Group opened nearly 50% higher Monday as investors react to the assassination attempt on former President Donald Trump. | | | | Homes are the nation's piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. | | | | Before you turn your eye toward any prospective employer, it's important to understand your preferences and work style. | | | | Amazon's 10th Prime Day sales event takes place this week. Here's what to know about when it starts and what deals you can shop. | | | | We're live-tracking the best Amazon Prime Day deals today, July 16. Shop the biggest discounts on products from Dyson, Apple, Bissell, and more. | | | | Heading into the Republican convention, Meta lifted restrictions on Trump's Facebook and Instagram accounts as he makes another run for White House. | | | | For me, this year's Amazon Prime Day focus is school clothing and supplies. My carts are full of backpacks, clothing and decorative pens. | | | | Even with fall tuition bills due soon, 90% of college-bound Gen Z still don't have enough money to pay for college this year, data show. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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