The Dow Jones Industrial Average surged about 150 points shortly after the market opened on Monday, following the assassination attempt on former President Donald Trump. The incident occurred at a rally outside Pittsburgh on Saturday, where Trump’s ear was grazed by a bullet.
After the markets opened on Monday, the Dow was up 150 points, or about 0.36%, reaching 40,146. The S&P 500 rose 0.38%, while futures for the tech-heavy Nasdaq climbed 0.5%.
Shares of Trump Media & Technology Group, the company behind Trump’s Truth Social, rose 30% shortly after the market opened on Monday, days after the assassination attempt. Trump Media stock was valued at $39 per share in the morning. The company closed out last week up 3.4%, with shares trading at $30.88, for a market capitalization of $5.86 billion.
Shares of Bitcoin mining companies such as Riot Platforms rose more than 5% in the morning. MicroStrategy and Coinbase jumped more than 10% and 8%, respectively.
While the political ramifications of the shooting remain to be seen, in the early hours and days after surviving the assassination attempt, it was widely seen as strengthening the presumptive GOP nominee’s prospects of winning the November election. Trump has increasingly positioned himself as a crypto-friendly candidate.