Trump Media shares swing wildly after first presidential debate, fall 10%

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Trump Media fell more than 10% Friday after the first U.S. presidential debate, demonstrating another of the wild swings that have made its stock one of the more volatile on Wall Street.

Republican presidential candidate former President Donald Trump speaks during a presidential debate hosted by CNN with President Joe Biden, Thursday, June 27, 2024, in Atlanta.

Biden’s performance was largely seen as uneven, particularly early on. He tried repeatedly to confront Trump, who countered Biden’s criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6 insurrection. Shares of Trump Media & Technology have been buffeted during Trump’s run for president and swung wildly a day after Trump’s conviction in his hush money trial.

 

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