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President Trump has issued a new announcement about the social media platform Truth Social. He wrote:
“There is a morbid rumor surrounding Fake News NBC expands the contract for one of the smartest late-night TV hosts, Seth Meyers. He has no ratings, talent or wisdom, and the personality of an unsafe child. So why Fake News NBC NBC will certainly expand this drug contract.
How will Trump's statement affect the stock market?
This latest post has the potential to impact the stock market. This is because key social media posts by Donald Trump about NBC and Seth Meyers could potentially impact the stock market by influencing investors’ sentiment towards NBC’s parent company Comcast Corp. Negative publicity may cause Comcast's share price to temporarily drop, which may also affect related ETFs, such as the Vanguard Communication ETF ETF and Communication Services Select Spector SPDR funds, as these funds hold important positions at Comcast. However, the long-term impact will depend on the broader market’s perception of NBC’s strategic decisions and overall performance.
Here are some stocks that may be affected:
Comcast Corp ((CMCSA)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Industry SPDR Fund (((XLC))).
Disclaimer and Disclosure Issues