"Trump's Iowa Victory Sparks Surge in Linked Stocks and US Dollar"
Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump's social media platform public, rose 15% following his victory in the Iowa Republican contest, indicating investor confidence in his potential nomination for the 2024 presidential race. Additionally, software developer Phunware, hired by Trump's 2020 campaign, saw its shares nearly double, while video-sharing platform Rumble, popular with conservatives, gained 5%.