U.S. President Donald Trump was delighted to observe the Dow Jones Industrial Average (DJIA) achieving a new all-time intraday high. He then proceeded to openly speculate about when the “fake polls” might finally concede that a “great job” is being done by him regarding the economy.
Dow Rallies, Nasdaq Slips as Trump Calls Himself the “Hardest-Working President”
During the initial week of November, while U.S. equities experienced a slowdown following a prolonged rally, the 47th President of the United States asserted at that juncture that the stock market was anticipated to continue surpassing its records, even subsequent to the temporary decline connected to the record-setting government shutdown. At that time, Trump reaffirmed that the “economic boom” in America was being propelled by his stewardship.
Indeed, the Dow Jones Industrial Average (DJIA) was propelled to novel peaks on Thursday, decisively surging well beyond the 48,000 threshold. This action concluded a forceful demonstration amid a wider market shift away from technology sector equities, and Trump was evidently overjoyed as he utilized Truth Social to publicly celebrate the sharp increase.
“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!”
Trump said:
The assertion made by the President follows his prior claim that he is the most diligent commander-in-chief in history, consistently achieving superior outcomes and working the longest hours. “Eight Wars have been halted by me, preserving millions of lives in the process, the Greatest Economy in the History of our Country has been created, and Business has been successfully brought back into the United States at unprecedented levels,” Trump strongly emphasized.
He proceeded to emphasize a series of comprehensive medical examinations conducted at Walter Reed, mentioning that ideal results were achieved from leading physicians and three cognitive assessments were aced by him—a feat that he claims few can replicate and that most presidents avoid—because it is viewed by him as a duty in serving the country. Furthermore, the New York Times was targeted for what he perceives as slanted, flawed electoral reporting that led to multiple retractions, concluding that the entire nation would be benefitted if the publication ceased operations completely.
Meanwhile, while the Dow enjoyed its favorable trajectory, the technology-focused Nasdaq fell to its lowest point in a week. It was reported by Reuters on Thursday that the decline may be connected to Oracle’s significant expenditure on artificial intelligence (AI). The news source clarified that Oracle’s shares dropped after its quarterly projections missed expectations and an additional $15 billion in annual spending, aimed at attracting AI cloud clientele, was disclosed by the company. Oracle shares are down 12% as of 1:30 p.m. Eastern time. Simultaneously, the New York Stock Exchange and S&P 500 indices maintained positive performance and comfortably remained in the green.
Ultimately, the celebratory claim made by Trump regarding the Dow’s newest record aligns perfectly with his established communication: His governance believes that the economy is flourishing under his supervision, and he desires for this fact to be acknowledged globally. While prominent technology companies encountered a difficult period and Oracle captured attention for its costly AI objectives, the wider stock market sustained its stability, thereby enabling the President to portray the situation as an additional endorsement of his financial oversight.
