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Trump Media shares surged over the most recent two trading days — but the company continues to weather a miserable run since its stock market debut last month.
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Trump Media & Technology Group fell sharply after saying it was issuing new shares. Trump's stake is still worth billions of dollars, however.
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Truth Social shares fell sharply for a second consecutive day, wiping out billions of dollars from the value of Donald J. Trump's stake.
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Stock in the parent company of former president Donald Trump's social media platform sank on Monday, after the company reported losing $58 million last year. That erased last week's market gains.
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Trump Media and Technology Group will trade on the Nasdaq exchange under the stock symbol DJT. The listing comes as the former president is mired in a slew of legal cases.
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Reddit, the San Francisco social media site that describes itself as "the front page of the internet," is debuting as a public stock on Thursday.
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The company's opening to investors at the same time that it's reportedly trying to secure a $60 million deal with an AI company.
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The S&P 500 index hit 5,000 for the first time ever, propelled by Wall Street's optimism the Federal Reserve is going to cut interest rates.
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The index surged over 1% to hit a record high, surpassing the previous peak hit around two years ago, driven by big gains in large tech companies and by hopes about the economy.
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The year has gotten off to a rocky start on Wall Street, reversing a rally that closed out 2023.