Stocks, Bond Yields Advance With Return of ‘Trump Trade'

Major stock indexes rose alongside government-bond yields with the return of the ‘Trump trade’ following Saturday’s attempted assassination of Donald Trump. Investors had plenty to process, including the likelihood of a second Trump presidency, earnings from Wall Street giants Goldman Sachs and BlackRock, and public comments from Federal Reserve Chair Jerome Powell. Stock indexes pared some of their gains after Powell signaled that interest-rate cuts are coming but declined to say when.