U.S. stock futures were steady Sunday evening, with modest gains, after President Biden addressed the nation following the shooting of former President Donald Trump who survived with minor injuries at a campaign rally in Pennsylvania. The shooter, Thomas Matthew Crooks, was killed by law enforcement.
In his 8pm ET address, which lasted just about ten minutes, Biden urged the country to lower the temperature on what has become a fiercely divided nation over politics, while also wishing Trump good wishes and prayers. He confirmed the investigation is ongoing and the motive for the assassination attempt remains unclear.
While the Republic National Convention kicks off tomorrow, Biden said he will be doing his own campaigning touting his administration’s record as we closer to the November elections.
Additionally, investors will continue to digest the events over the weekend heading into a full week of earnings as the second quarter reporting season heats up with Charles Schwab, Goldman Sachs and AmEx set to release results.
U.S. equities have been on a tear with the Dow Jones Industrial Average, topping 40,000, while the S&P 500 hovers near an all-time high, as the market preps for a potential rate cut as early as September following last week’s cooling CPI inflation data.
