Trump Media & Technology Group Corp. (NASDAQ:DJT) shares declined 7.4% to $5.51 in premarket trading on Wednesday as early results from the US midterm elections pointed towards a Democratic victory in both chambers of Congress, prompting investors to reverse positions established ahead of the vote.

According to a Forbes report, Trump’s estimated net worth plunged by $168 million on Wednesday as DJT stock plummeted after the midterm results. “Trump Media stock is now down

Trump Media & Technology Group (DJT) is sitting at fresh record lows following a blue sweep in the midterm election

Traders are reassessing a stock associated with President Donald Trump after the U.S. midterm elections. Shares of Trump Media & Technology Group (NASDAQ:DJT) are moving the opposite way from a recovering market.

President Trump’s media group told the SEC it expects to complete its merger with nuclear fusion company TAE Technologies of Foothill Ranch late this year. “Subject to the satisfaction of the conditions to the merger, the merger is expected to close in late-2026,” the Trump Media & Technology Group told the SEC in a filing dated Monday.

The White House has tapped Katie Zacharia to be its next press secretary, a White House official confirmed to CNBC.

Election-season trading is giving one politically linked stock a lift as the midterm vote approaches. Trump Media & Technology Group (NASDAQ:DJT) stock is at $5.93, up 6%, in afternoon trading. The bounce comes after a long slide,

The Trumps have enjoyed a highly lucrative two years, riding a wave of crypto deals and other business enterprises into billions of dollars in new wealth. But around 7:10 p.m. ET Tuesday night—as some of the early election results were just beginning to stream in—the first family’s fortunes changed.

Trump Media debuts its first national television ad during college basketball game in Rome, interim CEO of Trump Media & Technology Group Kevin McGurn announced.