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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman Darin LaHood is a Tremendous Champion for Illinois’ 16th Congressional District! As a Member of the POWERFUL House Ways & Means Committee, Darin understands the America First Policies required to Create GREAT Jobs, Cut Taxes and Regulations, Advance American Energy DOMINANCE, Promote MADE IN THE U.S.A., and Champion our Nation’s Golden Age. He is fighting tirelessly to Keep our now very Secure Border, SECURE, Stop Migrant Crime, Strengthen our Brave Military/Veterans, and Defend our always under siege Second Amendment. Darin LaHood 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 Darin LaHood and his America First policies could positively influence the stock market, particularly for companies like Chevron and Exxon Mobil Corp., as these policies emphasize American energy dominance. The Industrial Select Sector SPDR Fund and Energy Select Sector SPDR Fund may also see favorable impacts due to potential regulatory cuts and a focus on promoting ‘Made in the U.S.A.’ initiatives. Investors might view this endorsement as a signal of continued support for energy and industrial sectors, potentially boosting stock prices in these areas.
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)).