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Trump Media Shares Surge 34% to $45.49 After Election Win, Adding $300 Million to Trump's Net Worth

Nov 6, 2024, 07:40 PM

Donald Trump’s election victory has significantly impacted financial markets, particularly benefiting his own media company. Shares of Trump Media & Technology Group surged by 34% to approximately $45.49 in pre-market trading on Wednesday, following a spike of 44% earlier in the day. This market movement has added nearly $300 million to Trump's net worth. Additionally, the overall stock market rallied, the dollar strengthened, and Treasury prices fell as investors adjusted their positions in response to Trump's second presidential win. Trump Media shares initially spiked 14% on Election Day and gained in after-hours trading. GOP-adjacent shares also saw significant gains.