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.

U.S. President Donald Trump filed a lawsuit on Friday against Dow Jones, News Corp, Rupert Murdoch and two Wall Street Journal reporters, raising claims under federal libel law, court records show. A copy of the complaint was not immediately available.

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

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,

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%.

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.

Dow Jones, owner of the Wall Street Journal, announced it will vigorously defend against Donald Trump's defamation lawsuit related to an article linking him to Jeffrey Epstein.

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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U.S. stocks were higher in afternoon trade, with the blue-chip Dow Jones Industrial Average up about 120 points, as investors cheered relatively robust economic data emerging in the weeks before President Trump's next tariff deadline.

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. TeslaTSLA and Google-parent AlphabetGOOGL headline a big earnings week, with both showing positive stock action.