US Stock Market Move | The Trump Media & Technology Group (DJT.US) fell 16% at one point, marking its biggest drop since June.

On Wednesday, the stock price of Trump Media & Technology Group (DJT.US) fell sharply, with the stock dropping over 15% to $15.78 as of the time of writing. At the opening, it plummeted by 16%, marking the biggest drop since June. On the news front, the first televised debate between the Democratic presidential candidate and Vice President Harris and the Republican presidential candidate and former President Trump took place in Philadelphia. It is reported that traders are further closing positions related to bets on Donald Trump winning the election, as market observers believe that Tuesday night's debate increased the likelihood of Kamala Harris winning. The betting website PredictIt shows that the odds of the Democratic candidate winning the election have risen from 53% before the debate to 56%.