Trump Sues Dow Jones, Rupert Murdoch
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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,
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
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 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%.
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.
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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.
US stock market predictions for S&P 500, Nasdaq, and Dow Jones are out and it will be testing week at the Wall Street for investors and traders.
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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.