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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“EPA Administrator, Lee Zeldin: “Don’t you love the fact we have this President who wants to unleash American energy dominance? He wants America to be the AI capital of the world, he wants to advance permitting reform, he wants to advance cooperative federalism and he’s consistent in pushing it through…””
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 statement highlights a focus on American energy dominance and AI leadership, which could positively impact Chevron and Exxon Mobil Corp. as they align with energy sector growth. The emphasis on AI could boost Alphabet Inc. and Microsoft, as these companies are leaders in technology and AI development. Additionally, the Energy Select Sector SPDR Fund may see gains due to potential advancements in energy policy, while the Technology Select Sector SPDR Fund could benefit from increased investment in AI technologies.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Alphabet Inc. Class A ((GOOGL)),
Microsoft ((MSFT)),
Technology Select Sector SPDR Fund ((XLK)),
Energy Select Sector SPDR Fund ((XLE)).