Stock Market Reacts to Trump-Biden Debate: Truth Social Experience 5% Increase in Share Price

The heated debate between President Joe Biden and former President Donald Trump on Thursday evening drew significant attention, with the two leaders touching on controversial topics such as abortion, immigration, and the events of January 6, 2021 at the US Capitol.

Following the debate, Trump Media and Technology, the parent company of social networking site Truth Social, experienced a 5% increase in its share price at the opening bell on Friday. This sparked speculation among investors about the platform’s potential to become a powerful tool for Trump should he be re-elected as president.

Biden’s performance in the debate was seen as uneven, with early struggles to effectively counter Trump’s attacks. On the other hand, Trump made questionable claims about the economy, immigration, and his involvement in the January 6 insurrection. Despite this, Citi analysts noted an increased interest in Trump Media and Technology following the debate.

Throughout the year, shares of Trump Media and Technology have experienced significant volatility. The company reported significant losses of over $300 million in the last quarter alone. This added to uncertainty surrounding its future performance. However, despite these challenges, it remains a point of interest for investors and observers given its ties to controversial figure Donald Trump.

The stock of Truth Social has also seen drastic fluctuations in value throughout the year, moving both up and down by double-digit percentages in a single day. These challenges are likely to continue given that they have been ongoing since President Trump first took office in 2017.

Overall, while there were some clear winners from Thursday night’s debate – such as Truth Social – it is still too early to say what impact it will have on longer-term trends or stock prices. One thing is certain though: political debates are always going to be a hot topic for investors and observers alike.