Dow falls 200 points after report says Trump pushing for at least a 15% tariff on EU imports

Opendoor Technologies Inc. shares are on pace to more than double this week following a hedge fund manager’s social-media endorsement, making it the latest stock to experience a speculative retail-driven rally.

Shares in the online platform for buying and selling US real estate jumped as much as 39% as of 2:15 p.m. in New York. If the gains hold through the session, the stock would gain more than 175% this week. The surge started after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital, started to praise the stock on X late last week, garnering traders’ attention.

“We haven’t gone away from the ‘Wall Street Bets, GameStop world’,” Mark Hackett, chief strategist at Nationwide said in an interview. “Every time it works, the retail investor just gets more and more confident.”