US Stock Market Move | Trump's deal fizzles. Trump Media Group (DJT.US) plunged more than 8.7%.
As of the time of writing, the stock has fallen more than 8.7%, trading at $30.49.
On Tuesday, the stock price of Trump Media Group (DJT.US) fell, with the stock dropping more than 8.7% to $30.49 by the time of publication. On the news front, Goldman Sachs Group, Inc. trader Mike Washington stated that with elections, rate cuts by the Federal Reserve and Bank of England, a fluctuation in yields (10-year Treasury yields falling 7 basis points to 4.30% in a week) and the long-term earnings reporting cycle, investor fatigue has become evident.
However, despite this, Washington remains optimistic, predicting that rotation pressure will continue to be a significant feature of the market as investors put money into smaller companies and seek opportunities in cyclical/inflation themes.
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