Trump Stock soared in first trading since assassination attempt

Trump Media & Technology Group (NASDAQ:DJT) shares surges by over 35% in the first trading day following the failed assassination attempt on former President Donald Trump, who is the largest shareholder in the company.

The company, which owns the Truth Social platform, traded up to $41.95 – and earlier today peaked as high as $46 – and has increased the NASDAQ quoted company’s value by more than $1 billion.

The attack, which occurred at a rally in Pennsylvania, is perceived to have increased Trump's chances of winning the upcoming presidential election.

Market commentators suggest the event may draw more users to Truth Social, boosting the platform's engagement.

Rumble, an alternative to Youtube that’s popular by conservative and right-wing content creators,  also experienced saw significant gains, climbing more than 14%.