Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news

Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.

President Donald Trump on Thursday declared that the nation was "BACK" amid major stock market indices hitting record highs.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

Trump Media & Technology Group ( DJT 1.65%) stock lost ground in June's trading despite a very strong bullish backdrop for the broader market. The company's share price fell 15.2% across the stretch, according to data from S&P Global Market Intelligence. The S&P 500 gained 5% in the month, and the Nasdaq Composite rose 6.6%.

President Donald Trump said on Wednesday his administration will charge Brazil with a 50% tariff on products sent to the U.S. starting August 1 while the Republican leader also expressed support for former Brazilian President Jair Bolsonaro.

After the S&P 500 roared to all-time highs in June, investors are taking a cautious approach with the threat of tariffs looming.