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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025). Thank you for your attention to this matter!”
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 announcement of extending the TikTok deadline could lead to increased volatility in the stock market, particularly affecting companies like Microsoft and Oracle Corporation, which have shown interest in acquiring TikTok’s U.S. operations. Walmart Inc. might experience fluctuations as it has also been linked to potential partnerships involving TikTok. The Technology Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund could see shifts in investor sentiment as the extension provides more time for negotiations, impacting tech and retail sectors.
Here are some of the stocks that might be affected:
Microsoft ((MSFT)),
Oracle Corporation ((ORCL)),
Walmart Inc. ((WMT)),
Technology Select Sector SPDR Fund ((XLK)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).