Key events: China - GDP (YoY) (Q2) USA - Fed Chair Powell Speaks USA - FOMC Member Daly Speaks The Dow nearly set a new closing record, coming close after reaching an all-time high on Friday, despite a slight rise in wholesale inflation. Investors were buoyed by better-than-expected quarterly earnings from several major Wall Street banks.

As the 2024 presidential election nears, economic concerns grip Americans, with half perceiving a decline in financial well-being, as reported by Fox Business. This exploration delves into the lasting impact of Donald Trump's presidency on the United States' financial landscape. From transformative tax reforms to assertive trade policies, each measure significantly influenced the collective financial well-being of the American people.