Trump's Market Manipulation: A Controversial Rise in Stock Prices.
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Donald Trump gave some advice about money on Wednesday. He said it was a good time to buy stocks. He shared this on his social media account. Soon after, Trump said he would stop almost all tariffs for a while. The stock market went up a lot because of this news.
The stock market went up by 9.5% that day. It got back about 70% of the money it had lost before. Some people think Trump knew something before he shared his advice. Some senators from the Democratic party want to look into this. They wonder if anyone used secret information to make money.
People are asking if Trump was thinking about stopping the tariffs when he posted his advice. Trump said he had been thinking about it for a few days. He also said he made the decision early that morning. A person who speaks for the White House said Trump was doing his job. They said he was trying to make the markets and people feel better.
Trump used his initials, DJT, at the end of his post. DJT is also the name of the company that owns his social media site. People are not sure if he meant to buy stocks in general or just his company's stock. People bought a lot of stock in Trump Media. The stock went up more than the rest of the market.
Trump owns a big part of Trump Media. Because the stock went up, he made a lot of money that day. Another stock that Trump likes, Tesla, also went up a lot. An expert on government rules said that Trump is showing he can control the market. She said he is saying to watch him for more stock tips in the future.
Questions
What advice did Donald Trump give about money?
He said it was a good time to buy stocks.
What happened to the stock market after Trump shared his advice?
The stock market went up by 9.5% that day.
Did Trump make money from the stock market going up?
Yes, he made a lot of money because the stock went up.
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