
The stock market has been buzzing with speculative activity following the recent assassination attempt on Donald Trump during a campaign rally in Butler, Pennsylvania. The incident, which left Trump with a minor injury to his right ear, sent shockwaves through both the political and financial landscapes. Following the scare, Trump - currently appearing at the Republican National Convention - landed endorsements from big names on Wall Street, including Tesla (TSLA) CEO Elon Musk and billionaire hedge fund manager Bill Ackman.
In response to the weekend news, Trump Media & Technology Group (DJT) experienced a meteoric rise to start the week on Monday, surging by a remarkable 31.37% on the day. However, DJT remains a highly volatile "meme stock," driven more by social media enthusiasm than solid business fundamentals.