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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“FAKE NEWS CNN IS SO DISGUSTING AND INCOMPETENT. SOME OF THE DUMBEST ANCHORS IN THE BUSINESS!”
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 negative remarks about CNN could potentially lead to increased volatility in the stock market, particularly affecting media-related stocks. The Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, which include media companies, might experience fluctuations as investors react to perceived risks in the media sector. Additionally, Warner Bros. Discovery, Inc. Series A, being part of the media landscape, could also see its stock price impacted by shifts in investor sentiment driven by such high-profile criticisms.
Here are some of the stocks that might be affected:
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Warner Bros. Discovery, Inc. Series A ((WBD)).