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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“NBC’s Seth Meyers is suffering from an incurable case of Trump Derangement Syndrome (TDS). He was viewed last night in an uncontrollable rage, likely due to the fact that his “show” is a Ratings DISASTER. Aside from everything else, Meyers has no talent, and NBC should fire him, IMMEDIATELY!”
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 social media post criticizing Seth Meyers and NBC could potentially impact the stock market by influencing investor sentiment towards Comcast Corp, the parent company of NBC. Negative publicity and calls for firing a prominent TV host might lead to concerns about the network’s management and performance, potentially affecting Comcast’s stock price. This sentiment could also extend to broader communication sector ETFs like Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, which include Comcast among their holdings.
Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).