Stocks Tied to Trump Experience Surge Following DeSantis' Decision to Withdraw

Trump-Tied SPAC Surges 175% in Six-Day Rally

On Sunday, Governor Ron DeSantis dropped his presidential bid and endorsed Donald Trump, citing a lack of a "clear path to victory" for his campaign. This decision leaves Trump with only one more significant Republican challenger, former United Nations Ambassador and former South Carolina Governor Nikki Haley.

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Bloomberg

Shares in Trump SPAC surge after Ron DeSantis drops 2024 presidential bid By Investing.com

Shares of Digital World Acquisition Corp, a blank-check firm, experienced an early surge in U.S. trading on Monday. The increase followed Florida Governor Ron DeSantis' weekend decision to suspend his presidential candidacy, strengthening Donald Trump's bid for the Republican nominee in this year's presidential election.

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Investing.com

Trump-linked stocks soar after DeSantis throws in the towel

On Monday, shares of Rumble Inc (NASDAQ: RUM), a video-sharing platform popular among conservatives, experienced a significant surge. Additionally, Phunware (NASDAQ: PHUN), a software developer employed by Trump's 2020 presidential re-election campaign to build a phone app, also saw a notable rally.

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The Globe & Mail

Western Razor Co.

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News Results

Trump-related stocks surge after Ron DeSantis ends presidential bid

The XM Research Desk, manned by market expert professionals, provides live daily updates on all the major events of the global markets in the form of market reviews, forex news, technical analysis, investment topics, daily outlook and daily videos.

4y ago

Trump-linked stocks soar after DeSantis throws in the towel

Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump’s social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid.

MIDDLE

1y ago

Trump-Linked Stocks Soar After DeSantis Throws in the Towel

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

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1y ago

Trump's Truth Social SPAC Gets a Boost After DeSantis Drops Out

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company (SPAC) merging with former President Donald Trump's Truth Social, surged by over 88 percent on Monday. It comes after Florida Governor Ron DeSantis's unexpected exit from the 2024 presidential race and subsequent endorsement of Trump. The endorsement has been interpreted by the market as a unification of the Republican base behind Trump.

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1y ago

Digital World Shares Surge as Republican Primary Field Narrows

Shares of Digital World Acquisition Corp., the shell company that plans to merge with former President Donald Trump’s social media company, soared as much as 70 percent on Monday. Florida Gov. Ron DeSantis dropped out of the race for the Republican presidential nomination and brought Mr. Trump even closer to securing it.

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1y ago