Dow Climbs at Open; Truth Social Surges -- WSJ

Dow Jones03-27
 

By Joe Wallace and Jack Pitcher

 

Shares of Truth Social's parent company are on track for another bumper day.

Trump Media & Technology shares were up 20% shortly after the open, after climbing 16% on their first day of trading Tuesday.

Meanwhile, GameStop investors have that sinking feeling again. Shares of the original meme stock tumbled in early trading. The videogame retailer reported its first annual profit in years late Tuesday, but sales fell 19% last quarter.

In recent trading:

Major stock indexes opened higher after yesterday's late-day decline for the S&P 500 and Nasdaq Composite.

Yields on benchmark 10-year U.S. Treasurys edged lower. They have risen recently as investors have dialed down their expectations for Federal Reserve interest-rate cuts.

Japan's yen fell to its lowest level against the dollar since the 1990s, as expectations wane that the Bank of Japan will raise rates again soon. Its decline boosted the Nikkei 225 stock index.

Other international indexes were mixed, with losses in mainland China. European stocks held near record highs.

Cocoa futures held close to record highs after a massive runup. Most-active futures topped $10,000 a metric ton for the first time Tuesday.

Oil prices fell slightly after industry data Tuesday pointed to an increase in U.S. stockpiles.

 

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

 

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March 27, 2024 09:43 ET (13:43 GMT)

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