Check out the companies making headlines in midday trading: Trump Media & Technology — Shares of the Truth Social parent, which is majority owned by former President Donald Trump, climbed 12% on Election Day . The stock is viewed as a proxy for betting on the former Republican nominee’s likelihood of winning the race for…
Traders work on the floor of the New York Stock Exchange. NYSE The closest presidential races have brought stronger relief rallies, according to data from past election cycles analyzed by CNBC. The S&P 500 has gone on to gain around 1.5% on average between Election Day and the end of that respective calendar year, data…
Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. Piroschka Van De Wouw | Reuters Shares of Trump Media & Technology rose on Election Day Tuesday, with traders betting a second Trump presidency would give the business prospects of the Truth Social operator…
Tuesday’s U.S. presidential election is the biggest catalyst this week for equities and will set the tone for stocks over the near-term, according to Bank of America. But don’t expect a big move, equity and quant strategist Ohsung Kwon said. He doesn’t expect the S & P 500 to make a move of 2% or…
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox….
Michael Shvartsman walks following a hearing at the Manhattan Federal Court, in New York City, U.S. July 20, 2023. Amr Alfiky | Reuters Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their admitted insider trading in a blank-check company’s securities before it announced a planned…
Sopa Images | Lightrocket | Getty Images Shares of Trump Media on Monday sank to their lowest price in over a year, days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social maker. The stock, which trades as DJT on the Nasdaq,…
Sopa Images | Lightrocket | Getty Images Shares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. The dip came just 48 hours before “lockup” restrictions that have so far barred the company’s majority shareholder, Donald Trump, and other insiders from selling their stakes, are set to expire. Until…
Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024. Robyn Beck | Afp | Getty Images Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump…
Sopa Images | Lightrocket | Getty Images Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday’s presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris. The stock fell 3.6% over the day and closed at $16.07 per share — its lowest…