Judge Denies Donald Trump's Motions To Dismiss New York Indictment, Paving Way For Trial; Judge Confirms March 25 Start Date For Donald Trump's New York Criminal Trial On Charges Of Falsifying Business Records
Portfolio Pulse from Benzinga Newsdesk
A judge has denied Donald Trump's motions to dismiss the New York indictment, confirming a trial start date of March 25. The charges involve falsifying business records related to a hush money case.
February 15, 2024 | 2:43 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see minimal direct impact from the news of Donald Trump's trial, as it is diversified and not directly linked to Trump's legal issues.
Given SPY's broad diversification and the fact that it tracks the overall market performance of the S&P 500, the direct impact of Trump's legal issues on SPY is expected to be minimal.
CONFIDENCE 85
IMPORTANCE 10
RELEVANCE 20
NEGATIVE IMPACT
The denial of Donald Trump's motions to dismiss the New York indictment and the confirmation of the trial date may impact DWAC, given its association with Trump.
DWAC, being closely associated with Donald Trump, may see a negative impact on its stock price due to the legal uncertainties and potential negative publicity surrounding the trial.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80