The major benchmarks just came off another solid week as easing inflation data fueled rate-cut bets.
Stock futures were higher as investors evaluated the impact of the assassination attempt on former President Donald Trump and geared up for a big week of key corporate earnings.
"The good news is that former President Trump was not injured more than the ear, that he was not killed and as a result I think the market will continue on its momentum ways," said Sam Stovall, chief investment strategist at CFRA Research on CNBC's "Worldwide Exchange." "Trump was already the clear frontrunner, and the shooting will only cement that status," said Adam Crisafulli, founder of Vital Knowledge, said in a note on Sunday.
The major equity benchmarks just came off another solid week as easing inflation data fueled rate-cut bets. The S&P 500 gained 0.9% last week, scoring its fifth positive week in six. The tech-heavy Nasdaq Composite rose 0.3% during the same period, posting its sixth positive week in a row. The Dow was the relative outperformer last week, gaining 1.6% for its best weekly performance since May 10 as investors started to embrace a broader array of stocks than just technology names.
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