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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman Craig Goldman is an incredible Representative of Texas’ 12th Congressional District! A Fifth Generation Texan, Craig served as a State Representative for 12 years prior to becoming a distinguished and Highly Respected Congressman. In Congress, he is fighting tirelessly to Champion our Great Farmers and American Agriculture, Cut Taxes and Regulations, Advance American Energy DOMINANCE, Promote MADE IN THE U.S.A., Keep our now very Secure Border, SECURE, Stop Migrant Crime, Strengthen our Military/Veterans, and Protect our always under siege Second Amendment. Craig Goldman has my Complete and Total Endorsement for Re-Election — HE WILL NOT 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 Congressman Craig Goldman, who champions American agriculture and energy dominance, could positively influence stocks like Archer-Daniels-Midland Company and Deere & Company due to their ties to agriculture. Additionally, Exxon Mobil Corp. and the Energy Select Sector SPDR Fund might see favorable impacts as Trump’s message supports American energy dominance. The Industrial Select Sector SPDR Fund could also benefit from the emphasis on cutting regulations and promoting ‘Made in the U.S.A.’ initiatives.
Here are some of the stocks that might be affected:
Archer-Daniels-Midland Company ((ADM)),
Deere & Company ((DE)),
Exxon Mobil Corp. ((XOM)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).