Trump stocks rise after Biden appears shaky in US presidential debate

Phunware

28/06/2024 10:48

** Shares of Trump-related stocks rise in premarket trade
    ** Trump Media and Technology Group  DJT.O  up 6.7% to $39.2
    ** Shares of software developer Phunware  PHUN.O , which was
hired by Trump's 2020 presidential re-election campaign to build
a phone app, up 8.7% at $6.85
    ** President Joe Biden delivered a shaky performance while
rival Trump battered him with a series of often false attacks at
their debate 
    ** "If you're looking for real-time proxy of investor
expectations for the result.. they're (Trump stocks) telling you
that Trump is in pole position for this election, and he's
cemented his or extended his perceived lead last night," Ben
Laidler, global markets strategist at eToro said
    ** DJT was up ~110% YTD as of last close, while PHUN was up
53.6% 
    

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