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Trump Media Shares Fall 12% and Bitcoin Retreats Amid Debate Fallout as Traders Bet on Harris Victory

2024-09-11 84 Dailymotion

Traders adjust their positions as market sentiment shifts following a debate perceived as favorable to Kamala Harris over Donald Trump. Trump Media & Technology Group shares dropped 12% in premarket trading, while Bitcoin also retreated. A Bloomberg gauge of the dollar fell twenty basis points, reflecting a shift from the strong dollar often linked to Trump's policies. Betting odds have shifted in favor of Harris. Strategists caution against overinterpreting market movements due to the ongoing uncertainty and upcoming US consumer price data.