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Insider Trading' Dramatic U-turn Raises Suspicions
The Guardian
|April 11, 2025
Donald Trump is facing accusations of market manipulation after posting on social media that it was a "great time to buy" just hours before he made a dramatic U-turn on his trade war that led to big rises in stock markets around the world.
Shortly after US markets opened on Wednesday morning, Trump wrote on his social media platform Truth Social: "THIS IS A GREAT TIME TO BUY!!! DJT."
Less than four hours later, he shocked investors by announcing a 90-day pause on additional trade tariffs on most countries except China, sending share indexes soaring.
In the US the S&P 500 blue-chip index closed up on Wednesday by more than 9%, while the technology-focused Nasdaq index ended more than 12% up.
Trump does not usually sign off his post with his initials. Those letters happen to be the same as the ticker for Trump Media & Technology Group, the business that controls Truth Social, the stock of which shot up by 22% on Wednesday.
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