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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“TWO GREAT PEOPLE. I LOVE DELL!!! President DJT”
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 positive mention of Dell Technologies on social media could lead to increased investor interest and a potential rise in Dell’s stock price. This sentiment may also influence related technology-focused ETFs such as Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, which include Dell or similar tech stocks in their portfolios. The broader tech sector might experience heightened volatility as investors react to Trump’s endorsement.
Here are some of the stocks that might be affected:
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)),
Dell Technologies ((DELL)).