• Corpus ID: 168746888

Stock Market Reactions to Presidential Statements: Evidence from Company-Specific Tweets

  title={Stock Market Reactions to Presidential Statements: Evidence from Company-Specific Tweets},
  author={Qi Ge and Alexander Kurov and Marketa Halova Wolfe},
When the President of the United States tweets, do investors respond? We analyze the impact of tweets from President Trump’s official Twitter accounts from November 9, 2016 to July 31, 2017 that include the name of a publicly traded company. We find that these tweets move company stock prices and increase trading volume, volatility and institutional investor attention, with a stronger impact before the presidential inauguration. The initial impact of the presidential tweets on stock prices… 

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