Trump Media Shares Drop 3% Amid Higher Yields and Oil
Trump Media & Technology Group shares slid 3% to $9.48 in morning trading, extending a 26% year-to-date decline, with no verified company news behind the move. Rising long-term Treasury yields, a jump in oil prices, and reduced appetite for unprofitable stocks are weighing on high-beta names. The company reported a $238 million second-quarter loss tied to crypto declines and announced a turnaround effort.