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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Secretary of Energy, Chris Wright: “President Trump has TRANSFORMED the American energy landscape. You’re going to see a lot more of big, beautiful, clean coal!””
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 social media post praising the transformation of the American energy landscape under his presidency could lead to increased investor interest in energy stocks, particularly those related to coal. This may result in a positive impact on the Energy Select Sector SPDR Fund, VanEck Oil Services ETF, and Vanguard Energy ETF, as they include a range of energy-related companies. Additionally, Peabody Energy (BTU), a major player in the coal industry, might see a boost in its stock price due to the emphasis on ‘big, beautiful, clean coal.’
Here are some of the stocks that might be affected:
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Peabody Energy (BTU) ((BTU)).