On Monday, the US markets experienced a positive trend following the recent events surrounding an assassination attempt on former President Donald Trump. The Dow surged by 211 points, marking a 0.5% increase and reaching a new record high. Similarly, the S&P 500 saw a gain of 0.3%, while the Nasdaq Composite rose by 0.4%.
Investors showed confidence in Trump's potential return to power, as indicated by the rise in bets favoring his victory in the upcoming November election. A contract predicting Trump's win was valued at 68 cents on Monday, suggesting a 67% probability of his success, up from 60 cents on Friday. In contrast, the price for a contract predicting President Joe Biden's victory stood at 26 cents.
Meanwhile, the price of Bitcoin experienced a 4% increase, possibly influenced by the Republican Party's commitment to addressing what they term as the 'unlawful and un-American crypto crackdown' by Democrats.
Additionally, Trump Media & Technology Group, the social media company associated with the former president, witnessed a significant surge in its shares, rising by 31.4%.
