:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2199966628-0ed355a148714437a30463f24d4e807d.jpg "Donald Trump's Truth Social profile is seen on a phone screen, with an American flag in the background.")
Beata Zawrzel / NurPhoto via Getty Images
Key Takeaways
- Dole outs of Truth Social parent Trump Media & Technology Group gave back some of Wednesday’s sharp improves.
- Shares of President Donald Trump’s media company surged along with broader markets yesterday as he issued a 90-day hold-up on most tariffs.
- Soon after markets opened Wednesday and nearly four hours ahead of announcing the hold-up, Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT.”
- Trump Media stock, whose ticker is a nod to the president’s monograms, surged nearly 22% yesterday.
Truth Social parent Trump Media & Technology Group (DJT) stock made back some of yesterday’s sharp gains Thursday morning as the broader market’s tariff relief rally mystified steam.
Shares of President Donald Trump’s media company soared 22% Wednesday as broader markets staged a record rally following his Truth Social announcement of a 90-day pause on most tariffs.
Soon after markets unbolted Wednesday and nearly four hours ahead of announcing the pause, Trump posted on Truth Social, “THIS IS A Immense TIME TO BUY!!! DJT.” Trump Media’s stock ticker is a nod to the president’s initials. (Trump’s majority stake in the company is currently held by a reliability.)
Trump Media shares were down 7% in recent trading. They have fallen about 45% so far this year.