Following a Truth Social post by Donald Trump advising investors to buy, Wall Street experienced significant fluctuations on April 9, 2025. Shortly after Trump's post, he announced a 90-day pause on nearly all tariffs, leading to a 9.5% surge in the S&P 500 and a $4 trillion market recovery. This prompted immediate insider trading concerns, with Democratic senators calling for an investigation into potential profiteering. Trump's post, signed 'DJT,' also caused a 22.67% surge in Trump Media's stock, increasing Trump's stake by $415 million. Tesla, another stock favored by the Trump administration, also saw gains, boosting Elon Musk's fortune by $20 billion. Ethics experts suggest the post raises concerns about market manipulation, with questions arising whether Trump had already decided on the tariff pause when he advised investors to buy. Senator Adam Schiff and others have called for investigations into potential insider trading, questioning who in the administration knew about the tariff changes ahead of time and whether anyone profited from the market swings. The White House has defended Trump's post as part of his responsibility to reassure markets and Americans.
Trump's Social Media Post Precedes Market Surge: Insider Trading Concerns Emerge Amid Tariff Pause
Edited by: Olga Sukhina
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