Kamal Ghorui
US stock market at new highs (AI image)
US President Donald Trump sees the US stock market doubling from here by the end of his term. Praising the first year of his second term, Trump expressed confidence that the stock market could double within the next two years after the Dow Jones Industrial Average closed above the 50,000 mark for the first time on Friday.Posting on Truth Social during the Super Bowl on Sunday night, Trump attributed the Dow Jones’ milestone to what he believes are strong tariffs and national security policies. He said he expected the Dow to reach 100,000 by the time his term concludes, adding that he hoped the United States Supreme Court was observing developments. This comment is widely being interpreted as a message urging the court not to interfere with his tariff agenda.“Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term.REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching,” he posted on Truth Social.Trump has repeatedly argued that his tariff policies have helped rebalance global trade, contributed to international stability, and boosted economic prosperity in the United States through increased revenue from abroad.Trump has repeatedly argued that his tariff policies have helped rebalance global trade, contributed to international stability, and boosted economic prosperity in the United States through increased revenue from abroad. He also pointed to an estimated 5.4% expansion in gross domestic product in the previous quarter, despite what he described as a record-long government shutdown driven by Democrats.According to his remarks, the shutdown was carried out under the banner of healthcare reform that ultimately did not materialise, with conservatives claiming it was intended as a political move against him. He further stated that Senate Democrats triggered another shutdown toward the end of last month and could potentially cause another if funding for the Department of Homeland Security is not approved before the February 13 deadline later this week.The Dow Jones Industrial Average closed above the 50,000 level for the first time on Friday. This marked a historic milestone for the blue-chip index as investors increasingly shifted toward non-technology stocks this year.The index climbed 1,206.95 points, or 2.47%, to settle at 50,115.67 at the close of trading. The strong gain reflects continued momentum in the Dow, which has outperformed other major Wall Street benchmarks so far this year.Market participants have increasingly turned to stocks outside the technology sector, supporting the index’s advance and helping drive its year-to-date rise. The Dow has gained 4.3% since the beginning of the year.
