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 markets opened on Monday, the Dow was up 150 points, or about 0.36%, to 40,146. The S&P 500 rose 0.38%, while futures for the tech-heavy Nasdaq also climbed 0.5%.
Shares of Trump Media & Technology Group, the company behind Trump’s Truth Social, soared 30% shortly after the market opened on Monday, days after the assassination attempt on the former president. 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, the early hours and days after the assassination attempt were 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.
Rocio Fabbro contributed to this article.