Possible confusion around the new stock ticker for former President Donald Trump’s Truth Some investor brokerage accounts briefly increased by hundreds of thousands of dollars on Tuesday, the first day Trump’s “DJT” ticker traded.
Several consumers complained on social media that the value of their DJT stock holdings on Charles Schwab platforms was briefly inflated to amounts more in line with what they would be worth if the shares traded at the Dow Jones Transportation Average (.DJT).
Some users reported a similar issue during pre-market hours on Morgan Stanley’s E*Trade trading platform.
Trump Media & Technology Group stock opened Tuesday at $70.90, while the Dow Jones Transportation Average began the day at 15,937.73 points.
One trader’s Schwab brokerage balance increased by more over $1 million as a result of the miscalculation, according to a screenshot uploaded on social networking platform X. Reuters was unable to reach the trader or independently confirm the brokerage balance.
“It sure was nice seeing millions in the account, even if it wasn’t real,” another person, going by the username @DanielBenjamin8, who faced the issue in his E*Trade account, posted on X.
Two X users and one Reddit user speculated that the exaggerated balances were due to the company’s ticker symbol being virtually identical to the index.
A Charles Schwab official stated that select users on several of Schwab’s trading platforms had their brokerage balances temporarily boosted owing to a technical glitch.
Beijing announced Thursday that it will lift anti-dumping and anti-subsidy taxes on Australian wine.
She stated that the issue has been rectified, and investors can now trade shares and options on Schwab platforms. Schwab declined to explain the actual reason of the problem.
E*Trade did not immediately respond to a request for comment after regular business hours.
Trump Media & Technology Group and S&P Dow Jones Indices, which manages the Dow Jones Transportation Average Index, declined to comment on the matter.
While social media users reported that the problem appeared to be addressed, many regretted not being able to cash out their alleged benefits from the mishap.
“I better go tell my boss that I’m not actually retiring,” commented the trader on X, whose account balance had briefly increased by more than $1 million.
(Adapted from Reuters.com)









