Donald Trump Stock Gains After Supreme Court Ruling
$Trump Media & Technology (DJT.US)$ stock rallied after the Supreme Court ruled that former presidents are entitled to absolute immunity from prosecution for official acts taken in office. However, they also ruled presidents have no immunity for unofficial acts.
The ruling means it is unlikely the federal election interference case against Donald Trump will be heard before the November election, where he looks set to square off against President Joe Biden.
The high court ruled 6-3, with the split coming along ideological lines. Chief Justice John Roberts wrote that a president "may not be prosecuted for exercising his core constitutional powers, and he is entitled, at a minimum, to a presumptive immunity from prosecution for all his official acts."
In dissent, Justice Sonia Sotomayor wrote that the decision "makes a mockery of the principle" that "no man is above the law."
Trump himself touted the decision as a "big win for our Constitution" on his social media platform, Truth Social, which is owned by Trump Media & Technology.
The result sends the federal election interference case back to Judge Tanya Chutkan, who serves on the U.S. District Court for the District of Columbia. She will have to decide the timing of the trial and which, if any, charges should be tossed out.
Trump Media stock was up nearly 3% on the stock market today. It is getting support at the 200-day moving average but remains below the 50-day line. It is down just shy of 58% from its March high of 79.38.
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Simon 5183 : An unofficial person is a natural person, and of course no natural person should have immunity!
AGeezy Simon 5183 : biden has immunity. Immunity to recognize these names:
Nicole Gee,
Dylan Merola,
Ryan Knauss,
Taylor Hoover,
Daegan Page,
Johnny Rosario,
Davis Espinoza,
Humberto Sanchez,
Jared Schmitz,
Rylee McCollum,
Max Soviak,
Kareem Nikoui,
Hunter Lopez
Simon 5183 AGeezy : Special prosecutors say Biden has senile dementia so he is exempt from the crime.
Simon 5183 AGeezy : The shameless Democratic Party can have double standards in everything!
Ultratechman : when bad is the new good. you should have fear in God and not idol worship a conman.