Former President Trump Says On Truth Social He Will Be Arrested Around 7:30 P.M. ET Tonight
Portfolio Pulse from Benzinga Newsdesk
Donald Trump, former US President, has announced on Truth Social that he will be arrested around 7:30 P.M. tonight. The reasons for the arrest are not specified in the post.
August 24, 2023 | 7:08 pm
News sentiment analysis
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NEGATIVE IMPACT
The arrest of Donald Trump could negatively impact the stock price of Digital World Acquisition Corp (DWAC), the SPAC that is merging with Trump's social media company, Truth Social.
As DWAC is directly linked to Trump's social media venture, any negative news related to Trump could potentially harm the company's stock price. The arrest of Trump is a significant event that could lead to uncertainty and volatility in DWAC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The arrest of Donald Trump could cause some volatility in the broader market, potentially impacting the SPDR S&P 500 ETF (SPY).
While SPY is not directly linked to Trump, any major political event can cause volatility in the broader market. The arrest of a former president is a significant event that could lead to uncertainty and volatility in the market, potentially impacting SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50