Trump Media stock keeps falling as Amazon nears a record

Start Slideshow

Image for article titled Trump Media keeps falling, Amazon nears a record, the next big IPOs: Markets news roundup — Photo: Gino Santa Maria (Shutterstock), Brendan McDermid (Reuters), Pascal Rossignol (Reuters), Adam Gray (Getty Images), CFOTO/Future Publishing (Getty Images), Stefan Wermuth (Reuters), David Swanson (Reuters)

Previous Slide

Next Slide

2 / 9

Trump Media stock sunk another 10% and hit a new low

Donald Trump — Photo: Gino Santa Maria (Shutterstock)

Trump Media & Technology Group stock fell another 10% as the shares traded at their lowest point since the company debuted on the public market.

Previous Slide

Next Slide

3 / 9

Amazon stock closed near a record high after AI bets and layoffs

Amazon stock hit a 52-week intraday high and closed near a new record.

Previous Slide

Next Slide

4 / 9

The Fed not cutting interest rates would be an embarrassment, analyst says

Is inflation still hurting the economy?

Doug Cohen, managing director at Fiduciary Trust International, spoke with Quartz for the latest installment of our “Smart Investing” video series.

Previous Slide

Next Slide

5 / 9

The next big tech IPOs to watch are Ibotta and Microsoft-backed Rubrik. Here’s what to know

Illustration of the digital marketing company Ibotta

Tech IPOs are making a comeback. Last month, AI startup Astera Labs and social media site Reddit made successful debuts on the stock market and continue to trade well above their issue prices. Since then, several more tech companies have filed to go public: Ibotta, Reitar Logtech, Rubrik, and NetClass Technology, to name a few.

Previous Slide

Next Slide

6 / 9

Trump Media has lost about $3 billion in market cap since its debut as the stock sinks again

Trump Media & Technology Group stock plunged another 10%, hitting new lows as the shares continued their free fall from opening-week highs. The fall left the company’s market capitalization hovering around $5 billion, down from highs of more than $8 billion during its first trading week.

Previous Slide

Next Slide

7 / 9