President Donald Trump celebrated a historic milestone Friday after the Dow Jones Industrial Average closed above 50,000 points for the first time ever, marking another significant high for U.S. stock markets.
The Dow surged 2.5%, or more than 1,200 points, as broad gains in technology and industrial sectors helped drive the record level. The S&P 500 and Nasdaq Composite also finished the session higher, reflecting widespread investor confidence.
In a post on his social media platform, Trump congratulated the nation on the achievement, calling it a historic moment for the U.S. markets.
“The Dow Jones Industrial Average just hit 50,000 for the first time in History. CONGRATULATIONS AMERICA!” he wrote in a post to Truth Social.
Market analysts attributed Friday’s gains to strong corporate earnings, easing inflation, and expectations that interest rates could be trimmed in the months ahead. Optimism around pro-growth policies, tax prospects and continued advances in artificial intelligence helped lift major stock indexes.
The Dow’s climb past 50,000 adds to a series of long-term market advances that have seen major indexes reach new highs in recent years.
Investors also responded to improved consumer spending data and broad participation across sectors, as smaller company stocks and technology shares posted strong performances.
Trump praised the U.S. economy in December ahead of Christmas, questioning when he would receive credit from much of the media for creating “perhaps the greatest economy” in the nation’s history.
“I inherited a MESS from the Biden Administration — The Worst Inflation in History, and the Highest Prices our Country has ever seen. In other words, Affordability, just 13 months ago, was a DISASTER for the American People, but now, it’s totally different! Prices are coming down FAST, Energy, Oil and Gasoline, are hitting five year lows, and the Stock Market today just hit an All Time High. Tariffs are bringing in Hundreds of Billions of Dollars, and we are respected as a Nation again,” Trump asserted in a Truth Social post.
At one point during Joe Biden’s presidency – and when Democrats controlled both chambers of Congress – the inflation rate topped 9.1 percent before eventually falling to around 2.5 percent when Trump took office in January.
“When will I get credit for having created, with No Inflation, perhaps the Greatest Economy in the History of our Country? When will people understand what is happening? When will Polls reflect the Greatness of America at this point in time, and how bad it was just one year ago?” the president asked in the post.
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Trump conveyed a similar sentiment in a previous Truth Social post earlier in the day, pointing to yet another historic gain on Wall Street. “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!” he declared in the post.
In an interview with Politico’s Dasha Burns at the time, Trump indicated that he would rate the economy as “A+++++.”
Meanwhile, the Trump administration has released its long-anticipated “gold card,” a program that allows foreign nationals to obtain U.S. visas through direct payments to the federal government, the New York Post reported.
Trump told reporters at the White House that the document would operate “somewhat like a green card,” providing qualified recipients with immediate eligibility for permanent residency and authorization to work in the United States.
Under the new policy, individual applicants must pay $1 million to the U.S. Treasury, while companies seeking to retain foreign employees are required to pay $2 million. The Department of Homeland Security will conduct background checks on all applicants to determine eligibility for the program. After five years of residency, individuals who hold a gold card will be permitted to apply for U.S. citizenship, The Post reported.
