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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congresswoman Nicole Malliotakis is a Tremendous Champion for New York’s 11th Congressional District! As a Member of the POWERFUL House Appropriations Committee, Nicole knows the America First Policies required to Create GREAT Jobs, Cut Taxes and Regulations, and Champion our Nation’s Golden Age. She is working hard to Advance American Energy DOMINANCE, Promote MADE IN THE U.S.A., Keep our now very Secure Border, SECURE, Strengthen our Brave Military/Veterans, Champion the Incredible NYPD and NYFD, and Protect our always under siege Second Amendment. Nicole Malliotakis has my Complete and Total Endorsement for Re-Election — SHE 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 Congresswoman Nicole Malliotakis, who advocates for American energy dominance and reduced regulations, could positively influence the stock prices of energy companies like Chevron, Conocophillips, and Exxon Mobil Corp. Her focus on promoting ‘Made in the U.S.A.’ and strengthening the military may also boost industrial sectors, potentially benefiting the Industrial Select Sector SPDR Fund. Furthermore, her stance on energy policies aligns with the interests of the Energy Select Sector SPDR Fund, possibly leading to increased investor confidence in these sectors.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Conocophillips ((COP)),
Exxon Mobil Corp. ((XOM)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).