Trump Hush Money Sentencing Will Now Take Place After 2024 Election: 'To Avoid Any Appearance … To Affect The Approaching Presidential Election'
Portfolio Pulse from Chris Katje
The sentencing for former President Donald Trump's hush money trial has been postponed until after the 2024 presidential election to avoid any appearance of influencing the election. Trump was found guilty on 34 counts of falsifying business records. The delay allows more time to consider dismissing the case due to a Supreme Court ruling on presidential immunity. Trump Media & Technology Group (NASDAQ:DJT) shares are down 2.01% amid the news.
September 06, 2024 | 6:15 pm
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NEGATIVE IMPACT
Trump Media & Technology Group's stock is down 2.01% following the news of the sentencing delay in Trump's hush money trial. The stock is known for its volatility related to Trump's legal and political events.
The delay in Trump's sentencing could lead to continued uncertainty and volatility for DJT shares, as the company's performance is closely tied to Trump's legal and political situations. The stock's drop reflects investor concerns about the ongoing legal proceedings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80