Trump’s Media Critique: Potential Market Impact on Media Stocks and ETFs

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“The Failing New York Times and the Washington ComPost, two “papers” that have ruthlessly fought me for years, have each done Polls where a vast majority of those sampled are Democrats. In other words, the Polls, just like their writings, are RIGGED – It is not possible for a Republican to do well in such a Poll! They are “corrupt as hell.” The real Polls out there have me doing better than ever before, JUST LIKE ELECTION DAY, 2024, where I WON seven out of seven Swing States, the Popular Vote, and Districts by 2,750 to 505. I won the Election in a landslide! The Fake News Media is Failing Our Nation at levels never seen before. MAKE AMERICA GREAT AGAIN!”

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 prices of The New York Times Company and News Corporation Class A, as his accusations of bias and rigged polls may influence investor sentiment negatively towards these media companies. The Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, which hold these stocks, might also experience fluctuations due to potential shifts in market perception and investor behavior towards the media sector. Overall, Trump’s statements could contribute to short-term market instability for these tickers as investors react to the political rhetoric and its implications.

Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
News Corporation Class A ((NWSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).