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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Earlier this month I spoke with the Highly Respected President of Uzbekistan, Shavkat Mirziyoyev. Today I want to congratulate President Mirziyoyev on signing a GREAT Deal with Boeing! Worth over $8 Billion Dollars, Uzbekistan Airways is purchasing 22,787 Dreamliners. This will create over 35,000 jobs in the United States. President Mirziyoyev is a man of his word, and we will continue to work together on many more items! 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 Uzbekistan Airways’ $8 billion deal with Boeing could positively impact Boeing’s stock price due to the significant order and job creation in the U.S. This news may also boost the performance of industrial ETFs such as Vanguard Industrials ETF, Industrial Select Sector SPDR Fund, and iShares U.S. Industrials ETF, as Boeing is a major component of these funds. The market may view this deal as a sign of strong international demand for U.S. industrial products, potentially leading to increased investor confidence in the industrial sector.
Here are some of the stocks that might be affected:
Boeing Company ((BA)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
iShares U.S. Industrials ETF ((IYJ)).