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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman Bob Onder is a MAGA Warrior who is doing a fantastic job representing Missouri’s 3rd Congressional District! A Proven Leader, Bob has served his Community as a Physician, Attorney, and Highly Respected State Legislator, prior to becoming a distinguished Congressman. In Congress, he is working tirelessly to Grow our Economy, Cut Taxes and Regulations, Promote School Choice, Champion American Energy DOMINANCE, Keep our now very Secure Border, SECURE, Stop Migrant Crime, Strengthen our Military/Veterans, and Protect our always under siege Second Amendment. Dr. Bob Onder has my Complete and Total Endorsement for Re-Election — HE WILL NEVER LET YOU DOWN!”
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 endorsement of Congressman Bob Onder, who champions American energy dominance, could positively influence energy stocks like Chevron, Exxon Mobil Corp., Energy Select Sector SPDR Fund, and Vanguard Energy ETF, as investors may anticipate favorable policies for the energy sector. Additionally, Onder’s focus on strengthening the military could benefit defense-related stocks such as the iShares U.S. Aerospace & Defense ETF. Overall, Trump’s support may boost investor confidence in sectors aligned with Onder’s policy priorities.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Energy ETF ((VDE)),
iShares U.S. Aerospace & Defense ETF ((ITA)).