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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Pat Harrigan is a tremendous Representative for the Great People of North Carolina’s 10th Congressional District! A West Point Graduate and a Combat Decorated Green Beret, Pat knows the Wisdom and Courage that is required to Defend our Country, Support our Incredible Military/Veterans, and Ensure PEACE THROUGH STRENGTH. In Congress, Pat is working hard to Keep our Border SECURE, Stop Migrant Crime, Grow our Economy, Cut Taxes, Promote MADE IN THE U.S.A., Champion Small Business, Ensure American Energy DOMINANCE, and Protect our always under siege Second Amendment. Pat Harrigan 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 Pat Harrigan emphasizes a strong stance on American energy dominance and economic growth, which could positively influence investor sentiment towards energy stocks like Chevron, Exxon Mobil Corp., and Occidental Petroleum Corp. Additionally, the focus on promoting ‘MADE IN THE U.S.A.’ and supporting small businesses may bolster the Industrial Select Sector SPDR Fund, as it aligns with domestic manufacturing and industrial growth. The Energy Select Sector SPDR Fund could also see a favorable impact due to the emphasis on energy security and dominance, potentially driving investor interest in the sector.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Occidental Petroleum Corp. ((OXY)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)).