Monday, December 23, 2024
HomeTech & GadgetsStocks Surge in Afternoon Trading on US Markets

Stocks Surge in Afternoon Trading on US Markets

Finance News Highlights: Trump Media Rises in Stock Market, EV Makers Boosted by Record Deliveries, S&P 500 Levels to Watch, Premarket Trading Movers, and Stocks Futures Higher.

Trump Media & Technology Group (DJT) made headlines today as its stock joined the prestigious Russell 3000 and Russell 1000 indexes. The owner of the Truth Social platform saw its shares rise in intraday trading following the announcement of its inclusion in the indexes as part of their annual adjustments.

The media company founded by former President Donald Trump will be part of the indexes until the next annual rebalancing in June. This year’s adjustments, which were finalized after markets closed on Friday, came into effect on Monday morning, with Trump Media joining dozens of other companies in the indexes.

The Russell 3000 index tracks the largest companies trading on U.S. stock exchanges by market capitalization and serves as the basis for the Russell 2000 and Russell 1000 indexes, which track different segments of the larger index. Trump Media’s inclusion in these indexes marks a significant milestone for the company.

Since merging with Digital World Acquisition Corp. and becoming a public company in March, Trump Media shares have experienced significant volatility. The company’s presence in the Russell indexes is expected to bring increased visibility and potential opportunities for investors.

Overall, Trump Media’s rise in the stock market today reflects the growing influence and presence of the company in the media and technology sectors. Investors and analysts will be closely monitoring the company’s performance in the indexes and how it navigates the evolving market landscape in the coming months.

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments