U.S. markets close in 46 minutes
  • S&P 500

    4,505.38
    -71.72 (-1.57%)
     
  • Dow 30

    34,347.28
    -292.51 (-0.84%)
     
  • Nasdaq

    14,963.43
    -417.89 (-2.72%)
     
  • Russell 2000

    2,146.80
    -59.53 (-2.70%)
     
  • Crude Oil

    65.84
    -0.66 (-0.99%)
     
  • Gold

    1,786.30
    +23.60 (+1.34%)
     
  • Silver

    22.55
    +0.23 (+1.03%)
     
  • EUR/USD

    1.1312
    +0.0006 (+0.06%)
     
  • 10-Yr Bond

    1.3450
    -0.1030 (-7.11%)
     
  • GBP/USD

    1.3233
    -0.0069 (-0.52%)
     
  • USD/JPY

    112.6940
    -0.5150 (-0.45%)
     
  • BTC-USD

    53,442.32
    -3,397.73 (-5.98%)
     
  • CMC Crypto 200

    1,350.39
    -91.37 (-6.34%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

Why Shares of Digital World Acquisition and Phunware Crashed Today

·2 min read
Why Shares of Digital World Acquisition and Phunware Crashed Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) both saw their stock prices rocket over 1,000% at one point last week, as investors' excitement for the special purpose acquisition company (SPAC) and advertising software provider that are linked to former President Donald Trump reached a fever pitch. The decline in Digital World Acquisition's stock price appears to have been sparked by comments made by Trump before the market opened.