Trump Media & Technology Group (DJT) skyrocketed early Monday after former President Donald Trump survived an assassination attempt at a Pennsylvania rally on Saturday.
Shares of the parent company of Trump’s social media platform, Truth Social, surged about 40% shortly after the opening bell. Other Trump-related stocks, like conservative-leaning video platform Rumble (RUM), saw shares climb more than 10%.
Prediction bets of Trump winning the election jumped on several online betting sites following the event.
It was the first time a US president or major party candidate had been shot since the 1981 assassination attempt on President Ronald Reagan.
One political expert said the incident may not have a lasting impact on Trump’s presidential chances.
“This was a seismic event in political terms, and yet it didn’t have much of an impact on how people think about the election,” Terry Haines,…
