'Trump bid to delay $250 million New York fraud case is 'completely without merit,' judge says' -CNBC Report
Portfolio Pulse from Benzinga Newsdesk
A judge has dismissed former President Trump's attempt to delay a $250 million fraud case in New York, stating that the bid is 'completely without merit'.
September 06, 2023 | 5:49 pm
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) may experience minor fluctuations due to the news, but the overall impact is expected to be minimal.
While the news may cause some short-term market volatility, the S&P 500 is a broad market index and is not likely to be significantly impacted by this specific news about Trump's legal issues.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
The dismissal of Trump's bid to delay the fraud case could potentially impact the stock price of Digital World Acquisition Corp (DWAC), a SPAC that is associated with Trump.
The legal issues surrounding Trump could potentially create uncertainty among investors of DWAC, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80