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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Highly Respected and very popular Lieutenant Governor, Burt Jones, is running to be the next Governor of the Great State of Georgia, a very special place to me in that we had a BIG Presidential Election Win just eight short months ago, November 5, 2024. As the first member of the Georgia State Assembly to Endorse “DONALD J. TRUMP” for President, Burt was strongly committed to my Campaign in 2016, 2020, and 2024, and worked tirelessly to help us WIN. He has been with us from the very beginning. I know his family well, and have seen Burt tested at the most difficult levels and times — He is a WARRIOR, a successful Businessman, former SEC Championship winning Georgia Bulldogs football player (Known for his toughness!), and now, as Lieutenant Governor, Burt has proven he has the Courage and Wisdom to deliver strong results for the incredible people of his wonderful State and Nation. As your next Governor, Burt Jones will fight hard to Grow the Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Champion American Energy DOMINANCE, Continue to Secure our now Secure Southern Border, Strengthen our Military/Veterans, Ensure LAW AND ORDER, Advance Election Integrity, and Defend our always under siege Second Amendment. Burt Jones for Governor has my Complete and Total Endorsement – HE WILL NEVER LET YOU DOWN!”
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 endorsement of Burt Jones for Governor of Georgia emphasizes a strong focus on American energy dominance and economic growth, which could positively influence investor sentiment towards energy stocks like Chevron, Exxon Mobil Corp., and Halliburton Company. The commitment to promoting ‘MADE IN THE U.S.A.’ and strengthening the energy sector may lead to increased confidence in the Energy Select Sector SPDR Fund. Additionally, the emphasis on economic growth and reduced regulations could benefit the Industrial Select Sector SPDR Fund, as these policies may foster a more favorable business environment.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Halliburton Company ((HAL)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).