Traders Lift ‘DJT’ Stock to Start Election Day

With hours to go before polls close Tuesday (and some longer number of hours until Americans know who the next president will be) traders are betting on Trump—or, at least, his social-media company’s stock. 

Shares of Trump Media & Technology Group (DJT), the social media company that is majority owned by former President Donald Trump, were recently up 10%. The move extended a run of wild trading that in recent days has seen the Truth Social parent company’s shares and market value swing, often dramatically within a single day. 

There hasn’t been much in the way of specific news about the company—in the form of regulatory filings, press releases, or anything else—lately, but there has been plenty about Trump, the Republican nominee for president, and his opponent, Democratic Vice President Kamala Harris. 

The latest polls point toward a tight race between the candidates. On some prediction markets, meanwhile, the edge has lately shifted further toward Trump. 

As for the bigger picture ahead of the decision: Here’s Investopedia’s latest on the state of the U.S. economy, and here are our collections of economic proposals from both Harris and Trump. Early voters considered the economy the key issue this year, according to one survey.

DJT stock, meanwhile, is trading around $40—well above recent lows near $12, but still substantially below early-2024 record levels around $80.