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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Building a “New York Stock Exchange” in Dallas is an UNBELIEVABLY BAD THING FOR NEW YORK. I can’t believe they would let this happen. A big test for the new Mayor!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s post could spark short-term volatility in exchange-operator stocks like Cboe (CBOE), Intercontinental Exchange (ICE) and Nasdaq (NDAQ), as investors speculate about potential shifts in trading volumes, regulatory environments and the competitive landscape between New York and Texas. Broader financial ETFs such as XLF, KRE and VFH might see modest movement if the debate raises perceived policy or regulatory risks for major financial centers, though fundamentals are unlikely to change immediately. Real estate-focused funds (VNQ, IYR, XLRE) could experience sentiment-driven rotation if investors interpret a potential ‘financial hub’ shift toward Dallas as a long‑term positive for Texas commercial property and a relative negative for New York office and financial district real estate.
Here are some of the stocks that might be affected:
Cboe Global Markets ((CBOE)),
Intercontinental Exchange Inc. ((ICE)),
Nasdaq OMX ((NDAQ)),
Financial Select Sector SPDR Fund ((XLF)),
SPDR S&P Regional Banking ETF ((KRE)),
Vanguard Financials ETF ((VFH)),
Vanguard Real Estate ETF ((VNQ)),
iShares U.S. Real Estate ETF ((IYR)),
Real Estate Select Sector SPDR Fund ((XLRE)).