The Dow Jones Industrial Average surged about 150 points shortly after the market opened on Monday, following an assassination attempt on former President Donald Trump. The incident occurred at a rally outside Pittsburgh on Saturday, where a bullet grazed Trump’s ear.
After the markets opened on Monday, the Dow was up 150 points, or about 0.36%, to 40,146. The S&P 500 rose 0.38%, and 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. This followed the days after the assassination attempt on Trump. Trump Media’s 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, giving it a market capitalization of $5.86 billion.
Crypto stocks were also on the rise. Shares of Bitcoin mining companies like Riot Platforms rose more than 5% in the morning, while 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 Trump’s prospects of winning the November election. Trump has increasingly positioned himself as a crypto-friendly candidate.
-Rocio Fabbro contributed to this article.