On a Wednesday morning, President Donald Trump sparked a surge in the stock market with a bold proclamation. Just after the market opened, he posted on Truth Social, "THIS IS A GREAT TIME TO BUY!!!" Minutes later, he announced a rollback of some tariffs that had previously upset investors.
This sudden shift caught everyone’s attention. Investors who acted quickly after Trump’s message saw impressive returns. For instance, if you bought shares in the SPDR S&P 500 ETF Trust at $494.11 and sold them when they peaked at $548.62 later that day, you would have made an 11% profit. A $1,000 investment could have turned into $1,110. The SPY ETF ended the day with a remarkable 10.5% gain, marking the largest single-day increase since the financial crisis in 2008.
Trump’s announcement also boosted shares of his own company, Trump Media & Technology. After his buy signal, the stock jumped from $16.69 to $20.40, a nearly 22% rise. A $1,000 investment at that moment could have yielded as much as $1,222 when sold at the peak.
The electric vehicle giant Tesla also saw significant movement. Shares rose 21% in a booming session, reflecting investor excitement about the market’s shift. If you bought Tesla stock at $226.27 during Trump’s post and sold at $274.69, you would have made a handsome profit, turning $1,000 into about $1,214.
While the day ended positively for many, it’s crucial to remember that the market remains below where it stood before Trump’s initial tariff announcement—a decline of around 3% compared to the previous week.
Investor reactions spanned a wide spectrum. Social media platforms, particularly Reddit’s WallStreetBets, saw a flurry of discussions. One user jokingly referred to themselves as “psychic” after they made profitable trades earlier in the week. Others raised concerns about the ethics of Trump’s influence on the market. Comments hinted at potential insider trading, with users speculating that anyone close to the presidency should be making money hand over fist.
Overall, Trump’s tweet reinforced the powerful effect public figures can have on stock trends, echoing a historical pattern where market movements often hinge on the words of influential leaders. The trading day serves as a reminder for investors to stay informed and cautious, balancing enthusiasm with critical awareness of the market’s unpredictable nature.
For more on stock market trends and related news, you can check the financial articles on CNBC.
Check out this related article: Appeals Court Reinstates Trump’s Authority to Fire Probationary Federal Workers: What This Means for Employment Rights
Source linkBreaking News: Investing,Investment strategy,Breaking News: Markets,Markets,Stock markets,Donald Trump,SPDR S&P 500 ETF Trust,Exchange-traded funds,Trump Media & Technology Group Corp,Tesla Inc,S&P 500 Index,business news
