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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Trump weighs diplomacy with Iran amid rising tensions:”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because A Trump signal toward diplomacy with Iran could ease fears of supply disruptions in the Middle East, which may temporarily pressure oil prices and weigh on energy producers like Chevron (CVX), Exxon Mobil (XOM), and broad energy ETFs such as XLE, OIH, and VDE. Reduced geopolitical risk premiums might also temper investor enthusiasm for defense contractors like Lockheed Martin (LMT) and related aerospace & defense ETFs (PPA, XAR, ITA) in the near term. However, markets could remain volatile as investors reassess the likelihood and durability of any diplomatic breakthrough, keeping energy and defense names sensitive to further headlines from the region.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Lockheed Martin ((LMT)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Invesco Aerospace & Defense ETF ((PPA)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
iShares U.S. Aerospace & Defense ETF ((ITA)).