During Monday’s trading session on Wall Street, the Trump Media & Technology Group was among the most actively traded companies.
This was the initial opportunity for investors to respond to the threat of his assassination on Saturday night.
Trump Media saw a 30% increase at opening as a result of the support.
A “Trump trade” was blamed for a broader increase in the US stock market.
Market analysts attributed this to the possibility of a sizable sympathy vote for the Republican presidential candidate, who hopes to win back the White House in November after serving as president from 2017 to 2021.
As a result, they were reportedly pricing in a higher likelihood of him winning a second term.
Both the S&P 500 and the Dow Jones Industrial Average reached all-time highs as expectations increased for future investor-friendly measures like more tax cuts and less regulation.
“The narrative for the day rests on the ‘Trump Trade,’ with many investors assuming the weekend events add to the former president being re-elected,” stated Bob Savage, head of markets strategy and analytics at BNY Mellon.
Some expressed the opinion that the shooting might defuse some of the tension in US politics.
