Donald Trump Reacts to Dow Topping 50,000 for First Time Ever as Stock Market Roars Back

President Donald Trump spoke out after the U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

The S&P 500 rising 2% for its biggest gain since May. The Dow Jones Industrial Average jumped 1,206 points, or 2.5%, topping 50,000 for the first time, while the Nasdaq composite gained 2.2%.

Shares of chipmakers led the broad rally. Nvidia rose 7.8%, cutting its weekly loss to just over 10%, and Broadcom climbed 7.1%, wiping out its decline for the week.

Trump posted on Truth Social, “The ‘Experts’ said that if I hit 50,000 on the Dow by the end of my Term, I would have done a great job, but I hit 50,000 today, three years ahead of schedule — Remember that for the Midterms, because the Democrats will CRASH the Economy!”

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