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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Jensen Huang: “President Trump did the Miracle. We are so proud and grateful.””
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 quoting Nvidia’s CEO Jensen Huang could lead to increased investor confidence in Nvidia Corporation, potentially driving its stock price up. This positive sentiment might also spill over to broader technology-focused ETFs and funds like Invesco QQQ Trust, Technology Select Sector SPDR Fund, and Vanguard Information Technology ETF, as Nvidia is a significant component of these funds. However, market reactions can be unpredictable, and investors should consider other factors before making decisions.
Here are some of the stocks that might be affected:
Nvidia Corporation ((NVDA)),
Invesco QQQ Trust ((QQQ)),
Technology Select Sector SPDR Fund ((XLK)),
Vanguard Information Technology ETF ((VGT)).