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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“STUPID AND UGLY WINDMILLS ARE KILLING NEW JERSEY. Energy prices up 28% this year, and not enough electricity to take care of state. STOP THE WINDMILLS!”
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 criticism of wind energy could lead to increased volatility in the stock market, particularly affecting companies and funds related to energy. NextEra Energy Inc., which invests heavily in renewable energy, might see a negative impact on its stock price due to potential investor concerns. Conversely, traditional energy funds like the VanEck Oil Services ETF and Vanguard Energy ETF could experience a positive reaction as investors might shift their focus back to fossil fuels.
Here are some of the stocks that might be affected:
Ge Aerospace ((GE)),
NextEra Energy Inc. ((NEE)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)).