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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The Great Republicans in the U.S. Senate are working all weekend to finish our “ONE, BIG, BEAUTIFUL BILL.” We are on the precipice of delivering Massive General Tax Cuts, NO TAX ON TIPS, NO TAX ON OVERTIME, NO TAX ON SOCIAL SECURITY FOR OUR SENIORS, Permanently Securing our Borders, an even Bigger and More Powerful Military (I rebuilt it during my First Term, and it is already the Best, but we will make it BETTER!), unleashing our American Economy, dominating the Energy Market, creating Jobs, and getting money back to American Families. The House of Representatives must be ready to send it to my desk before July 4th — We can get it done. It will be a wonderful Celebration for our Country, which is right now, “The Hottest Country anywhere in the World” — And to think, just last year, we were a laughingstock. Thank you for your attention to this matter!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement could lead to a positive impact on the stock market, particularly for energy and defense sectors. Chevron and Exxon Mobil Corp. may see increased investor interest due to the focus on dominating the energy market, while Lockheed Martin could benefit from plans to enhance military capabilities. Additionally, ETFs like the Energy Select Sector SPDR Fund and the SPDR S&P Aerospace & Defense ETF might experience upward momentum as investors anticipate growth in these sectors.
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)),
SPDR S&P Aerospace & Defense ETF ((XAR)).