Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“FAKE NEWS REPORTERS FROM CNN & THE NEW YORK TIMES SHOULD BE FIRED, IMMEDIATELY!!! BAD PEOPLE WITH EVIL INTENTIONS!!!”
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 due to potential investor concerns about reputational damage and future revenue impacts. The Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, which include media companies, might also experience fluctuations as investors reassess the risks associated with media stocks. Overall, Trump’s statement could contribute to short-term market instability in the communication services sector.
Here are some of the stocks that might be affected:
The New York Times Company ((NYT)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).