Trump Sues Dow Jones, Rupert Murdoch
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The DJIA is in positive territory thus far in 2025. The Dow Jones Industrial Average (DJINDICES: ^DJI) is up nearly 5% so far this year, with many of its best performers rising in value by 20% to 30%.
Dow Jones, owner of the Wall Street Journal, announced it will vigorously defend against Donald Trump's defamation lawsuit related to an article linking him to Jeffrey Epstein.
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Investor's Business Daily on MSNDow Jones Futures: Tesla, Google Step Up With Earnings Due; AI Stock Breaks Out As Nvidia, AMD RunDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. TeslaTSLA and Google-parent AlphabetGOOGL headline a big earnings week, with both showing positive stock action.
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,
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Dow Jones pulled back as 3M declined by 4.2%. The stock found itself under pressure despite the strong earnings report. Traders decided to use the report as an opportunity to take profits near yearly highs.
Peter Berezin of BCA Research offers the lowest S&P 500 year-end target at 5,300, with a cautious yet data-driven approach.
Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.