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.
The Dow Jones Industrial Average remained subdued while the S&P 500 index managed to stay afloat. The Dow was down marginally by 0.07 per cent and the S&P 500 was up 0.59 per cent. The NASDAQ Composite index on the other hand outperformed last week by rising 1.
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U.S. stocks were higher in afternoon trade, with the blue-chip Dow Jones Industrial Average up about 120 points, as investors cheered relatively robust economic data emerging in the weeks before President Trump's next tariff deadline.
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Peter Berezin of BCA Research offers the lowest S&P 500 year-end target at 5,300, with a cautious yet data-driven approach.
McDonald's ( MCD 0.45%) had the unfortunate distinction of posting the Dow Jones Industrial Average's worst stock performance in June. The shares dropped 6.9% during the month.
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.