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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Political Commentator Debra Lea was GREAT on Fox & Friends this morning. Working with wonderful Charlie Hurt, there was fantastic Energy and Wisdom. A fantastic show!!!”
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 Debra Lea and Charlie Hurt on Fox & Friends could potentially boost investor confidence in Fox Corporation Class B, as positive mentions by influential figures can lead to increased viewership and advertising revenue. This sentiment might also positively impact broader communication sector ETFs like the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, as Fox Corporation is a component of these funds. However, the overall effect on these ETFs would likely be minimal unless accompanied by broader market trends or additional influential endorsements.
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 B ((FOX)).