Trump Media & Technology Group's Stock Plummets
Publication Time:2024-09-11 21:37:09
The US stock market showed mixed performance at the opening, with the Dow Jones Industrial Average falling 0.33%, while the Nasdaq Composite Index rose 0.21%, and the S&P 500 Index fell slightly by 0.04%. Among the various stocks, the performance of Trump Media & Technology Group stood out notably, as its stock price immediately plummeted more than 15% after the market opened. The stock of another company associated with Trump, Phunware, also saw a decline of nearly 8%. According to the latest poll data, in the last debate, 63% of viewers believed that Vice Presidential candidate Harris performed better. Meanwhile, as a retailer in the gaming industry, GameStop's stock price also saw a significant drop, falling over 10%. The reason for this is that the company's revenue in the second quarter declined by 31% year-over-year, down to $798 million. Facing this unfavorable situation, GameStop is actively considering closing some stores to seek new growth strategies.
US Stocks
Trump Media & Technology Group
GameStop
Stock Decline
Revenue Drop