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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congresswoman Monica De La Cruz is doing an incredible job representing the wonderful people of Texas’ 15th Congressional District! A very successful Small Businesswoman, Monica knows the AMERICA FIRST Policies necessary to Create GREAT Jobs, Unleash Innovation, and Restore American Energy DOMINANCE. She is fighting tirelessly to Cut Taxes and Regulations, Secure our now VERY Secure (Record Setting!) Southern Border, Champion our Farmers and American Agriculture, Support our Brave Military/Veterans, and Protect our always under siege Second Amendment. Monica De La Cruz has my Complete and Total Endorsement for Re-Election — SHE 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 Congresswoman Monica De La Cruz, highlighting her commitment to American energy dominance and reducing regulations, could positively influence investor sentiment towards the Energy Select Sector SPDR Fund, as it aligns with policies favoring energy sector growth. Additionally, her focus on supporting small businesses and cutting taxes might boost confidence in the Industrial Select Sector SPDR Fund, as these measures can stimulate industrial growth. Overall, Trump’s endorsement may lead to increased investor optimism in sectors related to energy and industrial growth.
Here are some of the stocks that might be affected:
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).