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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“JUST OUT: The 60 Minutes interview of Donald J. Trump, on CBS, Sunday night, was the highest rated 60 Minutes IN YEARS!”
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 claim of high viewership for his 60 Minutes interview could boost investor confidence in media-related stocks, potentially leading to increased demand for ETFs like the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund. This heightened interest may result from expectations of higher advertising revenues and improved financial performance for media companies. Consequently, the stock prices of these ETFs might experience upward movement as investors anticipate positive impacts on their holdings.
Here are some of the stocks that might be affected:
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).