DWAC - Hot Stocks: Trump's DWAC drops on SEC worries; NYT falls on Investor Day; EDU BLUE rise

The SPAC poised to take Donald Trump's media company public saw substantial losses in Monday's midday trading. Digital World Acquisition (NASDAQ:DWAC) posted a double-digit percentage decline amid regulatory concerns. Meanwhile, the New York Times (NYT) also retreated in intraday action, falling in the wake of its Investor Day presentation. Looking to the upside, a handful of stocks saw gains in Monday's otherwise weak session. New Oriental Education (EDU) rose on an analyst's upgrade, while Bluebird bio (BLUE) saw gains after a positive regulatory development. Decliners Digital World Acquisition (DWAC), the SPAC set to take Donald Trump's social media company Truth Social public, dropped in intraday action after revealing an expanded regulatory probe. The stock fell 14% on the news. DWAC reported that the U.S. Securities and Exchange Commission has expanded its previously disclosed investigation. As part of this, the SEC issued a new subpoena seeking information about its combination with

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Hot Stocks: Trump's DWAC drops on SEC worries; NYT falls on Investor Day; EDU, BLUE rise