Digital World Acquisition tumbles during another bearish start to the week

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  • NASDAQ: DWAC fell by 13.14% during Monday’s trading session. 
  • Trump has grand plans to take on the entire tech sector following Truth Social.
  • If recent SPAC performance is any indication, DWAC has a lot lower to fall.

NASDAQ: DWAC kicked off the third week of March much like it did the second: deep in the red. On Monday, shares of DWAC tumbled by 13.14% and closed the first trading session of the week at $61.99. It was another bleak session as all three major indices started yet another trading week on the backfoot. The Dow Jones eked out a single basis point gain at the closing bell as the blue-chip index saw another wild swing after starting the day well higher. The S&P 500 fell by 0.74%, while the growth-heavy NASDAQ once again led the way lower into bear market territory, dropping by 2.04%. Oil futures also plunged, falling back below $100 per barrel…

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