Donald Trump has followed through on his threat to sue Rupert Murdoch and his media companies over the Wall Street Journal‘s report on a bawdy letter in his name that was included in an album given to Jeffrey Epstein for his 50th birthday in 2003.

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,

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.

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%.

Dow Jones pulled back as 3M declined by 4.2%. The stock found itself under pressure despite the strong earnings report. Traders decided to use the report as an opportunity to take profits near yearly highs.

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.

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The Dow Jones Industrial Average is trading down Friday afternoon with shares of 3M and American Express seeing the biggest drops for the blue-chip average.

Peter Berezin of BCA Research offers the lowest S&P 500 year-end target at 5,300, with a cautious yet data-driven approach.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.