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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I am thrilled to announce an incredible Trade and Economic Deal between the United States and Uzbekistan. Over the next three years, Uzbekistan will be purchasing and investing almost $35 Billion Dollars and, in the next 10 years, over $100 Billion Dollars, in key American Sectors, including Critical Minerals, Aviation, Automotive Parts, Infrastructure, Agriculture, Energy & Chemicals, Information Technology, and others. I want to thank Uzbekistan’s Highly Respected President, Shavkat Mirziyoyev. We look forward to a long and productive relationship between our Countries!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because The announcement of a significant trade and economic deal between the United States and Uzbekistan could positively impact the stock market, particularly benefiting companies involved in the sectors mentioned. Boeing Company and Caterpillar may see increased demand for their products, given the focus on aviation and infrastructure. Additionally, Tesla, Inc. and sector-specific funds like the Industrial Select Sector SPDR Fund, Technology Select Sector SPDR Fund, and Energy Select Sector SPDR Fund could experience heightened investor interest due to potential growth in automotive, technology, and energy sectors.
Here are some of the stocks that might be affected:
Boeing Company ((BA)),
Caterpillar ((CAT)),
Tesla, Inc. ((TSLA)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Energy Select Sector SPDR Fund ((XLE)).