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

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Trump Media & Technology Group,Trump Presidency,President Joe Biden

Investors said trades betting on Trump's victory will increase this week after he was shot in the ear during the rally in Pennsylvania. Shares of Trump...

A man looks at this phone as a screen displays trading information about shares of Truth Social and Trump Media & Technology Group in New York

Shares of Trump Media & Technology Group soared 67%. Trump owns a majority stake in the company, worth about $3.8 billion as of June 25 according to LSEG data, and it is the parent of social media platform Truth Social. Gun maker Smith & Wesson Brands gained 2.7%. Gun stocks tend to rise after a mass shooting as calls for gun control in the past have led some people to buy more firearms out of fear that their availability would be limited.

Tim McCarthy, who in 1981 defended then-President Ronald Reagan from a gunman, gave his assessment of the shooting to WGN-TV.The man who photographed a bloodied and defiant Trump says he 'knew it was a moment in American history that had to be documented' Donald Trump travels to Milwaukee after shocking attack, prepares to tap a running mate and claim nominationOhio GOP Sen. J.D. Vance said the Biden campaign's "rhetoric led directly to President Trump's attempted assassination.

 

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