Trump Media & Technology Stock Soars After Presidential Debate

Trump Media & Technology Stock Soars After Presidential Debate - What's Going On?

Anusuya Lahiri

June 28, 2024

Trump Media & Technology Group (NASDAQ:DJT) shares soared Friday premarket, continuing a rebound after Thursday’s first 2024 presidential debate between President Joe Biden, 81, and former President Donald Trump, 78, who is also the company’s majority shareholder.

Biden, hoarse and displaying little vocal range, often struggled to express his differences with Trump clearly. At one point, after Biden trailed off while defending his record on border security, CNN reports.

Trump, meanwhile, reiterated his frequent election denialism. They clashed over topics such as abortion, immigration, foreign policy, and inflation.

Biden’s performance raised concerns about his age. He sometimes appeared hoarse and unintelligible, stumbling over words, mainly when citing statistics and legislation.

On Wednesday, the court rejected a bid to limit White House interactions with social media companies to flag disinformation, which affected Trump Media’s stock.

The justices have indicated that more rulings will come on Thursday and Friday.

Truth Social, the platform under Trump Media, has struggled to retain users.

Price Action: DJT shares were trading higher by 9.64% to $40.26 premarket at the last check on Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock and Midjourney

Recommended

What Is Nvidia's New $1 Trillion Superproject? - Ad

Don't Pay a Dime for Marc Lichtenfeld's Top AI Picks - Ad

America's 'Silent Invasion' - Is Your Town in the Crosshairs? - Ad

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

Trump Vs. Biden: New 2024 Election Poll Show Tie, But Here's Who Independent Voters Favor

A new 2024 election poll shows Donald Trump and Joe Biden tied. The poll shows inflation a key concern for voters moving forward.

'Bombshell' Presentation Exposes Dark Side of Tech Billionaires

'Bombshell' Presentation Exposes Dark Side of Tech Billionaires - Ad

Blistering presentation exposes dark underbelly of Big Tech; their control over the economy and what you can do about it. If you watch just one presentation this year, make sure it's this one.

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

Trump Is Raising Enough Money To Wipe Out Biden's Once Significant Cash Advantage

The campaign of former President Donald Trump has seen a significant increase in donations, surpassing that of President Joe Biden, following Trump's felony conviction.

Ex-CIA Insider Exposes How Dems Could Rig the Election

Ex-CIA Insider Exposes How Dems Could Rig the Election - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Bitcoin At 'Do-Or-Die' Level And Dogwifhat 'Just Looks Sh*t,' Says Top Trader: 'Can't Pin This On Me'

Bitcoin (CRYPTO: BTC) is currently at a critical juncture, according to a prominent crypto analyst.

Silicon Valley-backed voter plan for new California city qualifies for November ballot

SAN FRANCISCO (AP) — A Silicon Valley-backed initiative to build a for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot, elections officials said Tuesday.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Assault on US avocado inspectors in Mexican state led to suspension of inspections

MEXICO CITY (AP) — Two employees of the U.S. Agriculture Department were assaulted and temporarily held by assailants in the Mexican state of Michoacan, prompting the U.S. government , the U.S. ambassador to Mexico said Tuesday.

Elon Musk's Parents Weren't Interested In Moving To The US, But He Got The Paperwork Done For Everyone Except His Father: 'You'll Never Be Successful'

Elon Musk's journey to the U.S. began without his father Errol Musk's support, highlighting a strained relationship and significant family tensions.

Big Tech Is Spending Billions Each Month on This AI Superproject

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

NEW YORK (AP) — America’s perennial hot dog swallowing champion won’t compete in this year’s Independence Day competition due to a contract dispute, organizers said Tuesday.

'Hamster' crypto craze has taken Iran. It highlights economic malaise ahead of presidential election

DUBAI, United Arab Emirates (AP) — Cab drivers and bikers tap away furiously on their mobile phones as they wait at red lights in the Iranian capital during an early June heatwave. Some pedestrians in Tehran are doing the same. They all believe they could get rich.

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

Event Contract Trading Signals Uncertainty In Apple Monopoly Case During WWDC

Apple's chance of being seen as monopoly fluctuated during WWDC, with event contract trader Kalshi reporting a high of 68% on April 11.

Discover "U.S.'s New Money" Before Biden Wins

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

What's Going On With Cheche Group Shares Today?

Cheche Group shares rise as it expands insurance collaborations with BAIC Group's Beijing Anpeng, enhancing ties with new energy vehicle manufacturers in China.

Asia Mixed While European Markets Dip, Crude Slips To $77 On Reduced Demand Forecast - Global Markets Today While US Slept

Asian markets showed mixed results on Thursday, with commodities like Crude Oil WTI, Gold, Silver, and Copper trading lower amid economic concerns.

A Silent Invasion of America

A Silent Invasion of America - Ad

America's southern border is in chaos, but a more alarming invasion is occurring nationwide. This unprecedented event will reshape the country dramatically, equating to 300 years of change in just 24 months. I've discovered startling facts that every American must know before it's too late.

Will Biden's Shaky Debate Performance Affect Cannabis Reform? How A Trump Return Could Reshape Marijuana Policy

President Joe Biden's shaky debate performance this week is stirring doubts among Democrats about his viability for reelection. As doubts about the president's electability circulate, questions

Why Alibaba Stock Could Rally: Golden Cross In Sight

Alibaba is nearing a bullish Golden Cross, with strong AI and cloud ambitions, despite facing competition and bearish momentum. Solid business, attractive valuation, and potential uptrend signal future growth.

Nvidia Is Now Part of $3 Trillion Market Cap Club

Nvidia Is Now Part of $3 Trillion Market Cap Club - Ad

Nvidia has become the third company ever to have a market cap greater than $3 trillion. And now, Nvidia is pivoting to the next AI frontier it plans to conquer. This recent move is valued at $1 trillion... at least. A small handful of Nvidia's other partners could see their own stocks benefit from it.

Bitcoin Rebounds From ETF Outflows, Back Above $61K

Bitcoin (CRYPTO: BTC) has bounced from its poor showing in Monday trading and is trading back above $61,000, despite significant net outflows from spot ETFs.

Bitcoin Plunges Below $60K, Ethereum, Dogecoin Follow Down, But...'July Is Historically Bullish,' Says Trader

Cryptocurrency markets are down heavily in Monday trading, as Bitcoin plunged below $60,000 for the first time in weeks.

This Billionaire's Final Masterpiece: "X-9840"

This Billionaire's Final Masterpiece: "X-9840" - Ad

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix... Just released the details on what he's calling Project X-9840. This business mogul is now set to revolutionize MONEY. He has said he could flip the switch "as early as mid 2024."

Data Leak In Masayoshi Son's SoftBank-Backed Internet Company Causes Strain In Japan-South Korea Relations

The breaches were attributed to insecure systems at Seoul-based Naver, which co-owns the company.

Joe Biden's Debate Performance Triggers Democratic Panic: 'Biden Sounds Hoarse, Looks Tired And Is Babbling'

President Joe Biden faced a challenging time during the recent presidential debate, leaving Democrats anxious about his ability to secure a second term.

Man Who Called Nvidia at $1.10 Says Buy This Now...

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

This Biopharma Stock Is Trading 23% Higher In Pre-Market After Wrapping Up $4M Public Offering

The public offering included 1,199,448 shares of common stock and pre-funded warrants to purchase up to 2,568,110 shares of common stock.

Amazon Boosts Indian Payments Business With $72M Investment To Take On Google Pay, Walmart-Backed PhonePe: Report

This story was first published on the Benzinga India portal.

Claim Your Free "AI Income Playbook" Now!

Claim Your Free "AI Income Playbook" Now! - Ad

Income expert Marc Lichtenfeld has a special gift reserved just for you... It's his brand-new "AI Income Playbook" - and it's yours FREE! Inside, you'll discover how to tap the unlimited profit potential of artificial intelligence... With three explosive AI stocks that are handing out monster dividends like clockwork.

Apple Vision Pro Debuts In China And It Is Almost $500 More Expensive Than In US

The elevated price has ignited conversations on Weibo, a Chinese social media platform.

Ford's Jim Farley Embraces EVs, Exciting Rival Tesla CEO Elon Musk, But Report Says Nearly Half Of EV Owners In US Want To Switch Back To Gas

Ford CEO Jim Farley on Friday wrote an article on X, detailing his long-standing love for gas vehicles and a newfound love for EVs, and rival CEO Elon Musk is excited. The sentiment, however, is not shared by EV owners across the U.S.

This Election Shocker Could Be Worse Than Trump's Conviction

This Election Shocker Could Be Worse Than Trump's Conviction - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Is Kamala Harris The Answer To Joe Biden's Shortcomings? Poll Hints At Voter Sentiment Toward Possible Replacement Candidate

Joe Biden's debate stumble sparks Democratic anxiety over potential successor Kamala Harris amid ongoing scrutiny and party divisions.

Mike Johnson Suggests Using 25th Amendment To Remove Biden After Debate Performance: 'This Is A Very Dangerous Situation'

Speaker Mike Johnson has suggested that the Cabinet should consider invoking the 25th Amendment to remove Biden from office.

Expert: The Most Important Message You'll See in 2024

Expert: The Most Important Message You'll See in 2024 - Ad

In short, America is being invaded...The invasion spreading across America is coming from the ports, highways, and railroads. AND it's being invited in by the White House. Many will be blindsided, but if you prepare today, you could come out far ahead.

This week's televised debate is crucial for Biden and Trump â€” and for CNN as well

NEW YORK (AP) — Joe Biden and Donald Trump won't be alone at . Moderators Dana Bash and Jake Tapper of CNN will be on camera, too, and there's a lot on the line for their network as it fights for relevance in a changing media environment.