Monday, October 30, 2023
U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average gaining 0.7%, the S&P 500 rising 0.9%, and the Nasdaq climbing 1.1%.
DJT (Donald J. Trump Media & Technology Group): Despite a 2.42% dip to close at $35.50, DJT remained in the spotlight. The company's wealth has increased significantly in 2024 after completing a SPAC merger and going public. Donald Trump, the majority owner, could potentially increase his stake to 114.75 million shares, representing approximately 65% of the company.
Shares surged 23.11% to close at $11.24, fueled by a rise in Bitcoin prices.
Shares soared 175.86% to close at $4.8 after the company announced a deal to be acquired by CoStar Group for approximately $2.1 billion.
Verizon: Shares fell 4.67% to close at $38.6 despite reporting flat revenue and a bump in free cash flow for the first quarter of 2024.
Shares declined 3.40% to close at $142.05 after the company cut the price of its full self-driving software by 50%.
Donald Trump could potentially sell shares of DJT to address financial obligations and support future political endeavors.
Bitcoin prices gained around 1.5% over the past 24 hours.
Tesla's FSD driver assistance software is now priced at $8,000.
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