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* The three major stock indexes rose together, with the Nasdaq up 0.40%;

* U.S. Treasury yields were mixed, with 10-year Treasury yields returning to 4.20%;

* Goldman Sachs rose 2.6% as second-quarter profit growth exceeded expectations.

U.S. stocks rose across the board on Monday as the market focused on the attack on former U.S. President Trump, while hopes of a rate cut by the Federal Reserve also boosted market sentiment. As of the close, the Dow Jones Industrial Average rose 210.82 points, or 0.53%, to 40,211.72 points, the Nasdaq rose 0.40% to 18,472.57 points, and the S&P 500 rose 0.28% to 5,631.22 points. The Russell 2000 rose 1.8%, hitting its highest level since 2022.

Market Overview

Federal Reserve Chairman Powell said at a public event that the second-quarter economic data made decision makers more confident that inflation can sustainably move towards the 2% target.Powell mentioned three recent inflation data points (including last week's), but he made clear he did not intend to send any specific signals about the timing of a rate cut.

Market expectations for the Fed to cut interest rates remain high. Federal funds rate futures pricing shows that there will be a 25 basis point rate cut in September and two rate cuts in 2024. Bill Merz, head of capital markets research at U.S. Bancorp Asset Management, said: "We are very close to the Fed's goals, which is the most important part of market psychology."

According to CCTV News, the Republican Party of the United States formally nominated former President Trump as the party's presidential candidate for the 2024 general election at the Republican National Convention in Milwaukee, Wisconsin. Trump then announced that Ohio Senator James David Vance (J.D. Vance) will run in the 2024 presidential election as his vice presidential candidate.

The yields of medium- and long-term U.S. Treasury bonds fluctuated in a narrow range. The 2-year Treasury bond, which is closely related to interest rate expectations, fell 0.5 basis points to 4.45%, and the benchmark 10-year Treasury bond rose 4.5 basis points to 4.23%. Investors are worried that Trump's policy stance will increase inflationary pressure and government debt. Bob Savage, head of market strategy at Bank of New York Mellon, said: "Today's narrative is based on the 'Trump trade.' Many investors believe that the events of the weekend will increase the possibility of the former president's election."

In terms of economic data, the New York Fed said on Monday that the regional manufacturing business conditions index fell 0.6 points month-on-month to -6.6 in July, contracting for the eighth consecutive month. Among the sub-indicators, the new order index rose slightly and shipments also improved slightly, but the labor market conditions remained weak.

As the earnings season begins, tech giants need to prove that their high valuations are reasonable, and whether the temporarily lagging industry sectors can usher in a turnaround is also under attention. Ben McMillan, chief investment officer of IDX Advisors, said: "In the short term, it looks like the rotation from large technology companies to small companies will continue, but in order to maintain this expansion, we need to see good earnings data."

In terms of individual stocks, Goldman Sachs rose 2.6%. Benefiting from better-than-expected debt underwriting and fixed income trading, the bank's second-quarter profits doubled, and drove the S&P 500 financial sector up more than 1%.

Apple rose 1.7% to a record high after the tech giant was named a top pick by Morgan Stanley, which believes the launch of a full-line artificial intelligence platform will trigger a record wave of users upgrading their smartphones, tablets and computers.

Other star technology stocks rose and fell, with Google up 0.8%, Microsoft up 0.1%, Meta down 0.5%, Nvidia down 0.6%, and Amazon down 0.9%.

Macy's fell 11.7% after the department store chain ended takeover talks with Arkhouse Management and Brigade Capital.

Boosted by optimistic election prospects, Trump Media surged 31.4%.

The solar sector came under pressure, with SolarEdge Technologies plunging more than 15% as the prospect of Trump's election lowered expectations for U.S. renewable energy subsidies.

International oil prices fell slightly as the market weighed the outlook for summer energy demand and geopolitical situations. The nearest month contract for WTI crude oil fell 0.36% to $81.91 per barrel, while the nearest month contract for Brent crude oil fell 0.21% to $84.85 per barrel.

International gold prices fluctuated upward, and expectations of interest rate cuts continued to boost buying. The COMEX gold futures contract for July delivery on the New York Mercantile Exchange rose 0.37% to $2,422.90 per ounce.