NEW YORK - The Dow finished at a record on Monday as markets weighed the impact of the failed assassination attempt on Donald Trump, while European bourses came under pressure from weakness in the luxury sector and disappointing Chinese economic data.
The blue-chip index piled on 0.5 percent to finish at 40,211.72, notching its first record since mid-May.
Major US indices were in positive territory the entire session amid talk that the assassination attempt boosted Trump's prospects in the election.
The Dow record came as Fed Chair Jerome Powell expressed confidence that inflation is in retreat, reiterating a stance that boosted markets last week.
Strong results from Goldman Sachs and BlackRock also boosted sentiment on Wall Street.
Earlier the Paris bourse fell 1.2 percent following a bruising day for luxury equities, with LVMH, Hermes and Kering all declining.
Official statistics showed the Chinese economy grew by 4.7 percent in the second quarter of the year, the slowest rate of expansion since early 2023, when China was emerging from a crippling zero-Covid policy that strangled growth.
The figures came the same day that China's ruling Communist Party kicked off a key meeting led by President Xi Jinping focused on the economy, known as the Third Plenum.
The world's second-largest economy is grappling with a real estate debt crisis, weakening consumption, and an ageing population.
Analysts are hoping the gathering spawns badly needed support for the economy.