‘Jobs and 401(k)s are booming’: Trump applauds all-time high for US stock market as he posts snapshot of soaring Dow Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
President Donald Trump has once again seized on surging US markets to declare a fresh economic victory, celebrating what he called booming jobs and retirement accounts as stocks pushed deeper into record territory. “Stock Market hit an ALL-TIME HIGH TODAY,” Trump wrote in a May 6 post on Truth Social (1). “Jobs and 401(k)s are BOOMING!!!” Top Picks – Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers
Here’s how – Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAP – The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold The post came as the S&P 500 and Nasdaq Composite both notched fresh record closes on May 6. Stocks climbed amid reports that the U.S. and Iran were moving closer to a potential deal to de-escalate conflict, alongside a wave of solid corporate earnings.
Trump then followed up by sharing a screenshot of the Dow Jones Industrial Average, framing it as further proof of the market’s momentum (2). While the Dow did not itself reach a new record in this trading session, it still surged more than 600 points on Wednesday and remains just shy of its all-time high reached in February. Trump’s “jobs” claim got fresh support Friday morning, when the Labor Department reported that employers added 115,000 jobs in April, topping expectations of 55,000 (3).