Trump’s Epstein files have been causing some serious concerns for investors who are holding Trump-related stocks right now. The Wall Street Journal actually reported that Donald Trump’s name shows up multiple times in Department of Justice documents about Jeffrey Epstein, and this has been creating quite a stir in the markets. What are the Epstein files, and how exactly is this Trump Epstein news affecting stock prices? The revelations from what some are calling the Trump Epstein list are having a real Trump stock impact on both Trump Media & Technology Group (DJT) along with Rumble Inc. (RUM).
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Trump Epstein Files, Stock Volatility, and Market Risks Explained
Justice Department Reveals Trump Name in Files
Trump’s Epstein files contain the former president’s name on multiple occasions, according to what senior administration officials told the Wall Street Journal. Attorney General Pam Bondi actually briefed Trump about these findings back in May, and she described the documents as a “truckload” of materials that were reviewed.
White House spokesperson Steven Cheung had this to say:
“The fact is that the President kicked him out of his club for being a creep. This is nothing more than a continuation of the fake news stories concocted by the Democrats and the liberal media.”
Bondi and her deputy Todd Blanche stated:
“Nothing in the files warranted further investigation or prosecution, and we have filed a motion in court to unseal the underlying grand jury transcripts. As part of our routine briefing, we made the President aware of the findings.”
The Justice Department’s review was completed earlier this month, with officials concluding there wasn’t sufficient basis to continue the Epstein investigation right now.
Stock Market Response to Trump Epstein News
Trump Media & Technology Group (DJT) shares were hit pretty hard following Trump’s Epstein files revelation, dropping 1.36% to $19.59. Trump’s stock impact was felt immediately, with trading volume reaching around 8.9 million shares – which is well above what we normally see.
Rumble Inc. (RUM) actually showed some mixed reactions, closing up 4.59% at $10.02 even though there was initial selling pressure. Trump’s Epstein news created volatility throughout the entire trading session, and the stock moved between $9.46 and $10.06.
What are the Epstein files doing to investor confidence? Market participants are keeping a close eye on any developments that could affect Trump’s business interests, and these stocks remain particularly sensitive to political news cycles at the time of writing.
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Congressional Action Amplifies Market Concerns
The House oversight committee voted 8-2 to subpoena Justice Department files related to what some are calling the Trump Epstein list investigation. This bipartisan support suggests the matter won’t disappear quietly from public discourse, which could mean prolonged market volatility for Trump-associated stocks.
Committee chair James Comer stated:
“While the Justice Department undertakes efforts to uncover and publicly disclose additional information related to your and Mr Epstein’s cases, it is imperative that Congress conduct oversight of the federal government’s enforcement of sex trafficking laws generally and specifically its handling of the investigation and prosecution of you and Mr Epstein.”
Congress has also subpoenaed Ghislaine Maxwell for an August 11 deposition, adding another layer of uncertainty. The ongoing congressional pressure suggests the Trump Epstein files story won’t fade quickly, and this could potentially create prolonged volatility for related stocks.
Legal Battles and Future Implications
Trump has already filed a $10 billion defamation lawsuit against the Wall Street Journal over their Trump Epstein news coverage, along with targeting the paper’s owner, Rupert Murdoch. The legal proceedings could extend for months, creating continued uncertainty around Trump’s impact on DJT and Rumble shares.
Federal judges are currently weighing multiple requests to unseal grand jury transcripts, which could reveal additional information from Trump’s Epstein files. Market analysts expect continued volatility as each development generates trading activity and investor concern about what are the Epstein files actually containing. Even small pieces of information have been moving these stocks significantly, and the regulatory uncertainty surrounding the Epstein files has created an environment where prices can swing dramatically.