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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“She is a loser, with bad ratings, who was already thrown off of The View. She will be fired soon! MSNBC IS DEAD!”
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 potentially impact the stock market by influencing investor sentiment towards companies like Comcast Corp and Walt Disney Company, which are associated with MSNBC and The View, respectively. Negative comments about MSNBC might lead to a decrease in investor confidence in Comcast Corp, potentially affecting its stock price. Additionally, ETFs such as the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, which include holdings in media companies, might experience volatility due to changes in market perception of the media sector.
Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Walt Disney Company ((DIS)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).