Trump Media & Technology Group (DJT) stock popped about 5% in early trading on Friday after former President Donald Trump faced off against current commander-in-chief Joe Biden in the first presidential debate of 2024.
Shares of the parent company of Trump's social media platform Truth Social had risen double digit percentages pre-market before paring gains.
Debate experts say Biden's uneasy performance in the debate, which included a raspy voice and moments of confusion, could help Trump win come November. Biden's age of 81 has been a hot button topic among voters concerned over whether or not he can continue to run the country.
"Biden's bumbling and stumbling performance amplified concerns regarding his capacity to serve and set off a new round of panic in the Democratic Party," Isaac Boltansky, BTIG director of policy research said in reaction to Thursday's debate. "Trump won the debate and should be viewed as the clear front-runner this morning, but his demeanor and falsehoods appeared to underscore the concerns some voters have with his fitness for office."
Former President Donald Trump and President Joe Biden faced off in a debate Thursday evening. (AP Photo, File) (ASSOCIATED PRESS)