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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The sites that we hit in Iran were totally destroyed, and everyone knows it. Only the Fake News would say anything different in order to try and demean, as much as possible — And even they say they were “pretty well destroyed!” Working especially hard on this falsehood is Allison Cooper of Fake News CNN, Dumb Brian L. Roberts, Chairman of “Con”cast, Jonny Karl of ABC Fake News, and always, the Losers of, again, Concast’s NBC Fake News. It never ends with the sleazebags in the Media, and that’s why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!”
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 could lead to increased volatility in the stock market, particularly affecting companies like Comcast Corp and Walt Disney Company, which own media outlets criticized in the statement. Investors might perceive heightened political risk and potential reputational damage to these companies, potentially impacting their stock prices. Additionally, ETFs like Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, which include these media companies, could experience fluctuations as a result of market reactions to Trump’s comments.
Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Walt Disney Company ((DIS)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)),
Warner Bros. Discovery, Inc. Series A ((WBD)).