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U.S. Stock Market Rallies as Dow Streaks and S&P 500 Surges

The U.S. stock market experienced a significant upswing today, with the Dow Jones Industrial Average extending its winning streak to seven consecutive trading sessions. The S&P 500 also made a notable climb, moving back above the 5,200 mark for the first time since early April. This positive momentum is largely attributed to signs of a cooling labor market, which has fueled investor optimism for a potential rate cut by the Federal Reserve in the coming months. Dow’s Winning Streak : The Dow rose by approximately 0.9%, marking its seventh day of gains. S&P 500’s Climb : The S&P 500 gained 0.5%, breaching the 5,200 level once again. Labor Market’s Influence : Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut. Sector Performance : Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind. Investors are closely monitoring the labor market and other economic indicators to gaug
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Trump Seeks ‘Absolute Immunity’ for Ex-Presidents: Legal Battle Heads to Supreme Court


In a significant legal maneuver, former President Donald Trump has petitioned the U.S. Supreme Court to grant him “absolute immunity” from criminal prosecution for his official acts during his tenure. The case, set to be argued before the justices on April 25, has far-reaching implications for presidential accountability and the delicate balance between executive power and legal scrutiny.

Trump’s legal team contends that a former president should enjoy absolute immunity from criminal charges related to official actions taken while in office. They argue that subjecting ex-presidents to criminal prosecution would hinder the functioning of the presidency and compromise its independence. According to their filing, “The president cannot function, and the presidency itself cannot retain its vital independence, if the president faces criminal prosecution for official acts once he leaves office.”

The legal battle stems from a criminal case initiated by Special Counsel Jack Smith. In August 2023, Smith brought federal criminal charges against Trump, including conspiracy to defraud the United States, obstructing the congressional certification of Joe Biden’s electoral victory, and conspiring against Americans’ right to vote. These charges relate to Trump’s alleged efforts to subvert the electoral process and remain in power.

Trump’s case marks the first time a former president faces criminal prosecution. If the Supreme Court rules in his favor, it could set a precedent for future ex-presidents. However, opponents argue that granting absolute immunity would undermine accountability and allow presidents to evade legal consequences for their actions.

Special Counsel Smith emphasizes the compelling public interest in seeing the charges brought to trial promptly. He contends that the alleged crimes strike at the heart of democracy and that a former president charged with subverting the electoral process should not escape accountability.

As the legal battle unfolds, the Supreme Court’s decision will shape the boundaries of presidential immunity and impact the delicate balance between executive power and the rule of law. The outcome will reverberate through history, affecting not only Trump but also future occupants of the Oval Office.


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