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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The Failing New York Times, and their lies and purposeful misrepresentations, is a serious threat to the National Security of our Nation. Their Radical Left, Unhinged Behavior, writing FAKE Articles and Opinions in a never ending way, must be dealt with and stopped. THEY ARE A TRUE ENEMY OF THE PEOPLE! Thank you for you attention to this matter. PRESIDENT DJT”
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 harsh criticism of The New York Times could put short‑term downward pressure on NYT’s share price as investors react to perceived political and reputational risk, even if fundamentals remain unchanged. Broader media stocks such as News Corporation Class A may see increased volatility due to fears of a wider political backlash against traditional news outlets. As a result, diversified communication-sector vehicles like the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund might experience minor, sentiment-driven fluctuations, but impacts would likely be diluted given their broad holdings.
Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
News Corporation Class A ((NWSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).