Investors boosted U.S. stocks on Monday as markets gauged the fallout from the weekend assassination attempt on President Donald Trump.
The Dow Jones Industrial Average rose more than 180 points, or about half a percent, to a record high, with Caterpillar Inc. leading the way in the blue-chip index, with its shares up more than 2 percent.
The S&P 500 index rose 0.6 percentage point, nearing a new all-time high, while the Nasdaq Composite index rose nearly 1 percent, nearing the all-time high it reached last week.
Many investors are focusing on the so-called “Trump trade” to gauge which stocks and assets will do well if Trump returns to office in November. Wall Street analysts believe it is increasingly likely that Republicans will win not only the White House, but also the Senate while retaining control of the House of Representatives, resulting in a Republican sweep.
Bond yields rose slightly on Monday. Yields move inversely to prices. Oil prices fell about 0.5 percent. Gold prices rose 0.3 percent. Bitcoin rose 5 percent.
On Monday morning, seven of the S&P 500’s 11 sectors were up, led by financials, consumer discretionary and communication services, while utilities, healthcare, consumer staples and real estate were down.
