NEW YORK, July 15 - World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning the U.S. presidential race after he survived an assassination attempt over the weekend.
Some view a Trump victory as likely to mean more tax cuts and less regulation. Crypto stocks, prison operators and other shares jumped on Monday. "In a Republican administration, you'll see a lower tax policy, lower regulatory policy... that's typically good for stocks. We're seeing some of that in terms of forward-looking expectations from investors at this point," said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.
The Dow Jones Industrial Average , rose 304.21 points, or 0.76%, to 40,306.29, the S&P 500 , gained 49.73 points, or 0.89%, to 5,665.13 and the Nasdaq Composite , gained 230.51 points, or 1.25%, to 18,628.96. U.S. retail sales data due on Tuesday was likely to be closely watched for clues on how consumers are faring.
The yield on benchmark U.S. 10-year notes rose 3.1 basis points to 4.218% from 4.187% late on Friday.
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