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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman Paul Gosar, D.D.S., is an America First Patriot, who is doing a fantastic job representing Arizona’s 9th Congressional District! A MAGA Warrior, who has been with us from the very beginning, Paul is working hard to Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Advance American Energy DOMINANCE, Keep our now very Secure Border, SECURE, Support our Brave Military/Veterans, and Protect our always under siege Second Amendment. Dr. Paul Gosar has my Complete and Total Endorsement for Re-Election — 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 Congressman Paul Gosar, emphasizing economic growth, tax cuts, and American energy dominance, could positively influence investor sentiment towards energy companies like Chevron and Exxon Mobil Corp. The focus on promoting ‘MADE IN THE U.S.A.’ may also benefit Ford Motor Company by encouraging domestic manufacturing, potentially boosting its stock. Additionally, the emphasis on energy and economic policies could lead to increased interest in sector-specific funds such as the Industrial Select Sector SPDR Fund and the Energy Select Sector SPDR Fund.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Ford Motor Company ((F)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).