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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Watch Mark Levin and Lara Trump tonight on FoxNews, 8 to 10 P.M. Two very SPECIAL shows are planned. Enjoy!!!”
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 Fox News programming could lead to increased viewership, potentially boosting the stock prices of Fox Corporation Class A and Class B shares. This heightened attention might also positively impact ETFs like Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, which include Fox Corporation in their holdings. However, the actual market impact would depend on the broader investor sentiment and market conditions at the time.
Here are some of the stocks that might be affected:
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Fox Corporation Class A ((FOXA)),
Fox Corporation Class B ((FOX)).