Trump’s Endorsement of Energy-Focused Candidate Could Boost Chevron and Exxon Stocks

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“VOTE TODAY! It is my Great Honor to endorse America First Patriot Matt Van Epps, who is running to represent the Great People of Tennessee’s 7th Congressional District. A West Point Graduate, and Combat Decorated Army Helicopter Pilot, Matt knows the WISDOM and COURAGE required to Defend our Country, Support our Incredible Military/Veterans, and Ensure PEACE THROUGH STRENGTH. In Congress, Matt will work hard to Keep our now very Secure Border, SECURE, Stop Migrant Crime, Grow our Economy, Cut Taxes, Promote MADE IN THE U.S.A., Champion School Choice, Unleash American Energy DOMINANCE, and Defend our always under siege Second Amendment. He is strongly supported by my good friend, Congressman Jim Jordan, and many other highly respected MAGA Warriors! Matt Van Epps has my Complete and Total Endorsement to be the next Congressman from Tennessee’s 7th Congressional District — 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 Matt Van Epps, who advocates for American energy dominance, could positively influence the stock prices of Chevron and Exxon Mobil Corp. as investors anticipate policies favoring domestic energy production. Additionally, the emphasis on American energy could boost the Energy Select Sector SPDR Fund, while the Industrial Select Sector SPDR Fund might see gains if economic growth policies are implemented. Overall, Trump’s support for energy and economic growth could lead to increased investor confidence in these sectors.

Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).