Trump-linked stocks surge as victory odds rise after shooting

Phunware

15/07/2024 15:06

(Updates)
    ** Donald Trump-linked stocks surge as the former U.S.
president's chances of returning to White House rises following
assassination attempt
    ** Trump Media & Technology Group  DJT.O , majority owned by
Trump, jumps 28.8% to $40.10
    ** Software developer Phunware  PHUN.O , hired by Trump's
2020 presidential re-election campaign to build a phone app,
jumps 14.1% to $6.63
    ** Video-sharing platform Rumble  RUM.O , popular with
conservatives, adds 8.1% to $6.40
    ** Shares of prison operators GEO Group  GEO.N  and
CoreCivic  CXW.N  rise 9.5% and 6.2%, respectively (Trump has
promised to crack down on illegal immigration, if elected)
    ** Shares of cryptocurrency and blockchain-related companies
also rise 4% - 10% (Trump has pitched himself as a 'crypto
president')

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