Donald Trump Trial: Former President Takes Witness Stand, Calls Prosecutors 'Haters,' Judge Says 'This Is Not A Political Rally'
Portfolio Pulse from Chris Katje
The civil fraud trial against former President Donald Trump and the Trump Organization continues, with Trump taking the stand. The case, brought by the state of New York, is one of many against Trump. The trial could last until Dec. 22, 2023. Digital World Acquisition (NASDAQ:DWAC), the SPAC set to take Trump Media & Technology Group public, saw its shares rise by 2% to $15.10.
November 06, 2023 | 4:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shares of Digital World Acquisition (NASDAQ:DWAC), the SPAC set to take Trump Media & Technology Group public, rose by 2% to $15.10. The stock is often volatile around events related to Trump.
The ongoing trial against Donald Trump is a significant event that can influence the stock price of DWAC, as the company is closely associated with Trump. The 2% rise in DWAC's stock price indicates that the market is reacting to these events, potentially due to speculation or investor sentiment. However, the stock's volatility suggests that these price movements may not be stable or long-lasting.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75