Stock Market Today: Live Updates

Several stocks that could benefit from Donald Trump’s return to the presidency rose in premarket trading on Monday.

Shares of Truth Social’s parent company, Trump Media & Technology, surged nearly 50% before the close of trading after the former president survived an assassination attempt over the weekend.

Humana and UnitedHealth Group rose about 2% each, as insurers stand to benefit from expected eased cost pressures under a Republican administration.

Halliburton shares rose more than 1% on optimism about how a Republican assuming the nation’s highest office could affect energy drilling policy.

Alex Harring

Shares of investment firm BlackRock rose 1.2% in premarket trading after the company reported its latest quarterly profit that beat expectations.

The asset manager reported second-quarter adjusted earnings of $10.36 per share, beating the FactSet consensus estimate of $9.96 per share, but revenue of $4.81 billion fell short of the $4.85 billion estimate.

Below are some of the stocks with the biggest moves before the close.

• TRUMP MEDIA & TECHNOLOGY – Shares of Truth Social’s parent company soared more than 50% following Saturday’s assassination attempt on former President Donald Trump, which some have argued improves Trump’s chances of winning the November election.
• Apple — Apple shares rose 2%. Loop Capital raised its rating on the tech giant to “buy” and said the company’s upcoming AI integrations create an opportunity for the iPhone maker to become the “base camp” of choice for generative AI. Bloomberg News also reported that the company’s sales in India grew 33% year-over-year through March to a record $8 billion.
• Supermicro Computer — Shares of Supermicro Computer, a maker of graphics processing unit servers, rose 3.6% before the market opened on July 22 after the company announced it would replace pharmacy chain Walgreens Boots Alliance in its listing on the Nasdaq 100 index.

See the full list of stocks moving here.

Samantha Sabin

The attempted assassination of former President Donald Trump on Saturday is likely to boost stock prices on Monday and lead to a “risk-on trade,” Stifel said.

“While political uncertainty may lead to risk-averse trading, we believe investors will agree with our assessment that the assassination attempt on Donald Trump increases the chances of him winning the presidential election,” Brian Gardner, chief policy strategist in Washington, said in a note on Sunday. “This could lead to a rise in stock markets on Monday.”

Gardner said it remains unclear how much of a political boost Trump will receive, and Saturday’s election will also put a freeze on Democrats’ efforts to replace President Joe Biden as the party’s nominee, two factors that could also boost markets.

1 Answer Shin

Goldman Sachs shares jumped 2% after the bank reported better-than-expected second-quarter profit and revenue on Monday morning. The stock had recently traded up less than 1%.

The bank reported earnings per share of $8.62, compared with $8.34 expected by analysts surveyed by LSEG. Goldman’s revenue of $12.73 billion also beat the consensus estimate of $12.46 billion. The bank also reported better-than-expected bond trading.

— Lisa Kailai Han

Shares of Trump Media & Technology surged about 50% in premarket trading on Monday following the assassination attempt on former President Donald Trump over the weekend.

President Trump was grazed by a bullet during a rally in Pennsylvania on Saturday and has since been released from hospital. The shooter and one rally attendee were killed, while two other attendees were in critical but stable condition.

Trump Media is the parent company of the social media platform Truth Social, whose ticker symbol “DJT” is also Donald Trump’s initials.

Alex Harring

Stock futures extended overnight gains, with the Dow Jones Industrial Average up nearly 200 points, with Tesla and Humana leading the way.

-John Meloy

European shares started the week lower as global markets assessed the impact of the attempted assassination of former US President Donald Trump on a weekend rally in stocks.

The European stock index STOXX 600 was down 0.45% at the open, with all sectors and major bourses in the red.

Britain’s FTSE index opened down 0.74% at 8,193, Germany’s DAX was down 0.34% to 18,685, France’s CAC 40 was down 0.94% to 7,651 and Italy’s FTSE MIB was down 0.52% to 34,401.

Google is in talks to buy cybersecurity company Wizz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter.

A person familiar with the matter told The Wall Street Journal that the deal could happen soon and, if completed, would be Google’s largest acquisition to date.

Founded in 2020, Wizz has seen rapid growth under CEO Assaf Rapaport and was considering an IPO when it hit a $12 billion valuation in May.

Yun Lee