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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Over million people rally: Iran’s 2nd largest city under protesters’ control, regime forces leave:”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s post suggesting mass protests and loss of regime control in a major Iranian city could raise perceived geopolitical risk in the Middle East, potentially pushing oil prices higher and benefiting energy-related names like Chevron (CVX), Exxon Mobil (XOM), XLE, OIH and VDE. Heightened regional instability could also increase expectations for defense spending and arms demand globally, which may support aerospace and defense ETFs and stocks such as LMT, PPA, XAR, ITA and related holdings. However, markets may discount the post if it’s viewed as exaggerated or unconfirmed, limiting any sustained impact until corroborating news or concrete policy responses emerge.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Lockheed Martin ((LMT)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Invesco Aerospace & Defense ETF ((PPA)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
iShares U.S. Aerospace & Defense ETF ((ITA)).