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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Wow! Joe Scarborough’s Television Ratings are really bad. They have gone, as they say, “down the tubes,” as has the rest of MSNBC. It’s a beautiful thing to watch! President DJT”
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 negative comments about MSNBC’s ratings could potentially influence investor sentiment towards Comcast Corp, the parent company of MSNBC, leading to a decline in its stock price. This sentiment might also impact the Vanguard Communication Services ETF and the Communication Services Select Sector SPDR Fund, as both have holdings in Comcast and other media companies that could be perceived as vulnerable to similar criticism. However, the actual impact would depend on the broader market context and investors’ assessment of the long-term implications of such statements.
Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).