Trump, Without Providing Evidence, Says Special Counsel Told Him In Letter He Is Target In January 6 Grand Jury Probe
Portfolio Pulse from Benzinga Newsdesk
Former President Donald Trump has claimed, without providing evidence, that he has been informed by the special counsel that he is a target in the January 6 grand jury probe. This news was shared on Trump's social media platform, Truth Social.
July 18, 2023 | 1:33 pm
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NEUTRAL IMPACT
The news of Trump being a target in the grand jury probe is unlikely to have a significant impact on the SPY ETF, which tracks the S&P 500 index.
As SPY is a broad market ETF, it is generally not significantly impacted by news related to individual companies or personalities.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEGATIVE IMPACT
The news of Trump being a target in the grand jury probe could potentially impact the stock price of Digital World Acquisition Corp (DWAC), the SPAC that is merging with Trump's social media venture, Truth Social.
Legal issues surrounding Trump could create uncertainty for investors in DWAC, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80