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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman August Pfluger is a Tremendous Champion for Texas’ 11th Congressional District! As the Chairman of the Republican Study Committee, August is doing an incredible job advancing our America First Agenda. He is working hard to Grow our Economy, Cut Taxes and Regulations, Champion our Great Farmers and American Agriculture, Promote MADE IN THE U.S.A., Ensure American Energy DOMINANCE, Keep our now very Secure Border, SECURE, Strengthen our Incredible Military/Veterans, and Defend our always under siege Second Amendment. August Pfluger 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 August Pfluger and his America First Agenda could positively influence stocks related to agriculture and energy, such as Archer-Daniels-Midland Company and Exxon Mobil Corp., due to the emphasis on promoting American agriculture and energy dominance. Deere & Company may also see a favorable impact as it aligns with the agenda to champion farmers and American-made products. The Industrial, Energy, and Consumer Discretionary Select Sector SPDR Funds could experience volatility as investors react to potential regulatory changes and economic policies highlighted in the endorsement.
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)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).