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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“2025 Thanksgiving dinner under Trump is 25% lower than 2024 Thanksgiving dinner under Biden, according to Walmart. My cost are lower than the Democrats on everything, especially oil and gas! So the Democrats “affordability” issue is DEAD! STOP LYING!!!”
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 statement could lead to increased volatility in the stock market as investors react to potential shifts in consumer spending and energy prices. Companies like Chevron and Exxon Mobil Corp. might experience fluctuations due to the emphasis on lower oil and gas costs, while Walmart Inc. could see changes in consumer perception regarding affordability. ETFs like the Energy Select Sector SPDR Fund, Vanguard Consumer Discretionary ETF, and Consumer Discretionary Select Sector SPDR Fund may also be impacted as investors reassess sector performance based on these claims.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Walmart Inc. ((WMT)),
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Consumer Discretionary ETF ((VCR)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).