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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! CRYPTO, “Through the Roof.” NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking in Hundreds of Billions of Dollars in Tariffs. COUNTRY IS NOW “BACK.” A GREAT CREDIT! FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE “TOP OF THE LIST.” NO INFLATION!!!”
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 investor confidence in tech and industrial stocks, potentially driving up the prices of Nvidia Corporation, Industrial Select Sector SPDR Fund, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF. His claims of record highs and tariff benefits might encourage more investment in these sectors, although the call for lower interest rates could create mixed signals about economic stability. The assertion of ‘NO INFLATION’ might further bolster market optimism, but investors should remain cautious of potential volatility.
Here are some of the stocks that might be affected:
Nvidia Corporation ((NVDA)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).