'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
News sentiment analysis
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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
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