02:00 PM EDT, 07/15/2024 (MT Newswires) -- US equity indexes rose Monday, with financials and energy helping the S&P 500 and the Dow Jones Industrial Average hit new highs as both Donald Trump and President Joe Biden urged unity after a failed assassination attempt on Trump.

The S&P 500 rose 0.4% to 5,638.8 after posting an intraday record of 5,666.9. The Dow Jones Industrial Average advanced 0.6% to 40,229.1, after hitting a fresh all-time high of 40,351.1 earlier in the session. The Nasdaq climbed 0.6% to 18,501.2. Utilities, health care, and consumer staples were the decliners intraday.

In company news, Goldman Sachs' ( GS ) Q2 earnings more than doubled from a year ago, driven by double-digit gains in investment banking fees and asset and wealth management revenue. Shares marched 1.4% higher intraday.

Over the weekend, investors' attention was diverted from the economy to politics after a failed assassination attempt on Trump at a campaign rally near Butler, Pennsylvania, according to a note from Stifel. "Early analysis suggests the odds of victory come November have shifted in favor of Trump in the aftermath of the attack," with some even upping bets on the House shifting in favor of the GOP.

The US 10-year Treasury yield jumped 4.1 basis points to 4.23%, while the two-year rate slipped less than one basis point to 4.46%, clawing back declines earlier in the session.

Last week, the three mainstream US indexes closed higher as gains in sectors set to benefit from an interest-rate cut made up for weakening in technology's narrow market leadership. The probability of the Federal Open Market Committee cutting interest rates by 25 basis points in September stood at 88% as of Monday afternoon versus 71% a week ago, as per the FedWatch Tool, following a third straight month of easing in annual consumer price inflation.

Federal Reserve Chair Jerome Powell reiterated that the Federal Open Market Committee is data-dependent and will make policy based on the incoming data. He was speaking at the Economic Club of Washington DC in an interview with David Rubenstein.

Further, in company news, shares of Macy's (M) tumbled 11% intraday after the department store operator said it terminated go-private discussions with Arkhouse Management and Brigade Capital due to financing uncertainty and value concerns.

West Texas Intermediate crude oil slipped 0.4% to $81.86 a barrel.

Gold rose 0.3% to $2,426.9 an ounce while silver fell 0.7% to $30.95.