US Supreme Court Declines To Decide Donald Trump's Immunity Claim In 2020 Election Subversion Case Before Lower Court Weighs In
Portfolio Pulse from Benzinga Newsdesk
The US Supreme Court has declined to rule on former President Donald Trump's claim of immunity regarding his actions in the 2020 election subversion case. The Court has chosen to wait for the lower court's decision before considering the case.
December 22, 2023 | 7:27 pm
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NEUTRAL IMPACT
The Supreme Court's decision is unlikely to have a direct short-term impact on SPY, an ETF that tracks the S&P 500, as it is not closely related to the legal issues surrounding Trump.
SPY is a broad market ETF, and individual legal cases, especially those not directly related to market regulations or the economy, typically have minimal impact on its performance.
CONFIDENCE 90
IMPORTANCE 5
RELEVANCE 10
NEGATIVE IMPACT
The Supreme Court's decision to not yet rule on Trump's immunity claim may create uncertainty for Digital World Acquisition Corp., potentially affecting investor sentiment.
As DWAC is associated with Trump's social media ventures, legal developments affecting Trump could influence DWAC's stock due to investor perception and sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70