Shares of Trump Media and Technology Group closed higher Wednesday as the jury began deliberations in the criminal hush money trial of the former president. Shares rose 2.38%, even as the broader market closed with losses. The Dow Jones Industrial Average fell 1%, the S&P 500 slipped 0.7% and the Nasdaq Composite 0.6%. Jurors were dismissed Wednesday and will return Thursday at 9:30 a.m. ET to continue deliberations, Judge Juan Merchan instructed.
CEO Deven Nunes wrote a letter to Louisiana Office of Financial Institutions Commissioner Scott Jolly, highlighting what the company believes is stock manipulation of its shares. Nunes is asking Jolly to launch a probe. "I respectfully request that you immediately open an investigation to determine the nature and extent of any illicit activities — and particularly whether the trading in DJT has violated Louisiana Securities Law," he wrote.