Trump’s Pro-Energy, Pro-Industry Endorsement of Hageman: Potential Tailwinds for Oil Majors and U.S. Industrials

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

“Highly Respected Congresswoman, Harriet Hageman, is running for the United States Senate in the Great State of Wyoming, a place I love and WON BIG in 2016, 2020, and 2024! I know Harriet well, and she is a TOTAL WINNER! Harriet has ALWAYS delivered for Wyoming, and will continue to do so in the United States Senate. She will fight tirelessly to Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Advance American Energy DOMINANCE, Champion our Amazing Farmers and Ranchers, Keep our Border SECURE, Stop Migrant Crime, Support our Incredible Military/Veterans, and Defend our always under siege Second Amendment. Harriet Hageman has my Complete and Total Endorsement to be your next Senator — SHE WILL NEVER LET YOU DOWN!”

How Will Trump’s Statement Affect the Stock Market?

This latest post has the potential to affect the stock market. That’s because Trump’s strong endorsement of Harriet Hageman, with its emphasis on American energy “DOMINANCE” and deregulation, could be perceived as politically bullish for fossil fuel producers, modestly supporting sentiment for Chevron (CVX), Exxon Mobil (XOM) and the Energy Select Sector SPDR Fund (XLE). His focus on “MADE IN THE U.S.A.” manufacturing and cutting regulations may also be viewed as supportive for U.S. industrial activity, potentially benefiting Ford (F) and the Industrial Select Sector SPDR Fund (XLI) if investors believe a more business-friendly policy mix is likely. However, any market reaction would likely be limited and short‑term, as this is a single campaign-style statement rather than a concrete policy change, and its impact would be filtered through broader macroeconomic and political factors.

Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Ford Motor Company ((F)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).