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Trump Media, crypto stocks jump as odds of Trump victory rise after shooting

  • Trump Media's stocks soared after an assassination attempt on Trump, gaining over 35% in early trading.
  • The surge in Trump Media was due to investor confidence in Trump's potential victory in the 2024 election, according to Chief Investment Officer Nick Ferres.
  • Trading was impacted by the shooting, as increased odds of Trump's victory led to a significant jump in crypto stocks.
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Lean Left

Shares of US President Donald Trump's Trump Media & Technology Group (TMTG) rose sharply in pre-trade on Monday, up 50 per cent. It happened after Saturday's assassination attempt on Trump in Pennsylvania.

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WMBD broke the news in Peoria, United States on Sunday, July 14, 2024.
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