Trump-linked stocks surge as victory odds rise after shooting

Phunware

15/07/2024 09:38

** Shares of Donald Trump-linked stocks surge in U.S.
premarket trading after the former U.S. president's chances of
returning to the White House rose following an assasination
attempt
    ** Trump Media & Technology Group  DJT.O , majority owned by
Trump, surges 63.2% to $50.3
    ** Software developer Phunware  PHUN.O , hired by Trump's
2020 presidential re-election campaign to build a phone app,
jumps 47.3% to $8.61
    ** Video-sharing platform Rumble  RUM.O , popular with
conservatives, adds 17.7% to $7
    ** Shares of prison operators GEO Group  GEO.N  and
CoreCivic  CXW.N  rise 8.3% and 3.7%, respectively (Trump has
promised to crack down on illegal immigration, if elected)
    ** Shares of cryptocurrency and blockchain-related companies
also rise 3% - 10%; (Trump has pitched himself as a 'crypto
president')

 (Reporting by Pranav Kashyap Roshan Abraham in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com;))