Stock Track | Trump Media & Technology Soars 5.03% Intraday as Trump Hints at New Fed Chair in Davos Speech

Stock Track01-21 22:58

Trump Media & Technology (DJT) surged 5.03% during intraday trading on Wednesday, significantly outperforming the broader market. The sharp rise reflects heightened investor interest in the stock following former President Donald Trump's high-profile appearance at the World Economic Forum in Davos.

The rally was triggered by Trump's comments about appointing a new Federal Reserve Chair, which he described as a "male" and a highly respected individual. Investors interpreted this as a potential positive development for Trump-affiliated companies, including Trump Media & Technology, amid expectations of favorable policy shifts under new leadership.

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