In the first week of November, as U.S. equities cooled off after an extended climb, the 47th President of the United States said at the time that he expected the stock market to keep shattering records even after the dip tied to the record-breaking government shutdown. At the time, Trump reiterated that his leadership is fueling America’s “economic boom.”
Indeed, the Dow Jones Industrial Average (DJIA) pushed to fresh highs on Thursday, vaulting well past the 48,000 range with plenty of force. The move capped an assertive showing amid a broader market rotation out of tech stocks, and Trump was clearly thrilled as he jumped on Truth Social to boast about the spike.
Trump said:
“STOCK MARKET JUST HIT AN ALL-TIME HIGH!!! When will the Fake Polls show that I am doing a great job on the Economy, and much more??? Thank you!”
The President’s statement follows his claim that he’s the hardest-working commander in chief in history, logging the longest hours and delivering standout results. “I’ve stopped Eight Wars, saving many millions of lives in the process, created the Greatest Economy in the History of our Country, brought Business back into the United States at levels never seen before,” Trump stressed.
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He went on to highlight a battery of intensive medical exams at Walter Reed, noting he earned perfect scores from top physicians and aced three cognitive tests—an achievement he says few can match and most presidents dodge—because he sees it as part of serving the country. He also took aim at the New York Times for what he views as biased, error-ridden election coverage that prompted multiple apologies, adding that the paper would do the nation a favor by shutting down entirely.
Meanwhile, as the Dow enjoyed its good run, the tech-heavy Nasdaq slipped to a one-week low. Reuters reported on Thursday that the dip may be tied to Oracle’s bold artificial intelligence (AI) spending spree. The outlet explained that Oracle’s shares fell after its quarterly forecast missed expectations and the company revealed an extra $15 billion in annual spending aimed at wooing AI cloud clients. Oracle shares are down 12% at 1:30 p.m. Eastern time. At the same time, the S&P 500 and New York Stock Exchange indices held up just fine and stayed comfortably in the green.
In the end, Trump’s victory lap over the Dow’s latest milestone fits neatly into his traditional messaging: His administration believes the economy is thriving under his watch, and he wants the world to notice. While tech names hit a rough patch and Oracle grabbed headlines for its pricey AI ambitions, the broader stock market kept its footing, allowing the President to frame the moment as yet another validation of his economic stewardship.
- Why did the Dow Jones Industrial Average hit a new all-time high?
The Dow climbed to fresh records as investors rotated into industrial and blue-chip stocks while broader U.S. markets held steady. - What was President Donald Trump’s reaction to the market’s new peak?
Trump celebrated the milestone on Truth Social and said the “fake polls” should acknowledge his “great job” on the economy. - Why did the Nasdaq fall while the Dow gained?
The Nasdaq dipped after Oracle shares slid following weaker forecasts and a major spending boost tied to artificial intelligence (AI) investments. - How did other major U.S. stock indices perform?
The S&P 500 and New York Stock Exchange indices stayed positive, reflecting stability across much of the U.S. equities market.
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