Alexa Archambault on June 14, 2017
Eric Trump took to Twitter to slam the media for ignoring the soaring stock market under President Donald Trump.
The president’s son tweeted early Wednesday morning, calling attention to the rising market indices and the lack of coverage received since Trump took office.
— Eric Trump (@EricTrump) June 14, 2017
Donald Trump has presided over a record-breaking stock market since he was sworn into office on Jan. 20, a fact that has sometimes been ignored by many media outlets.
On Jan. 25, not even a week after his inauguration, the Dow Jones industrial average closed above 20,000 for the first time in its 120 year history. Shortly after the president’s first joint address to Congress on Feb. 28, the Dow broke yet another record and closed above 21,000. It continues to close at record rates, breaking another high on Tuesday at over 21,300.
Many analysts, professionals and top administration officials believe these escalating numbers are here to stay.
Nobel Prize-winning economist Robert Shiller said that the market could rise as much as 50 percent during Trump’s tenure. He went on to add that the Dow could hit 30,000 in the not-so-distant future. Investors have also bet on technology and financial stocks with confidence that the market will stay on the up-and-up. Secretary of the Treasury Steven Mnuchin recently stated the U.S. economy will grow by 3 percent in just two years.
The president has also boasted the stock market’s success on his Twitter account Sunday.
…way up. Regulations way down. 600,000+ new jobs added. Unemployment down to 4.3%. Business and economic enthusiasm way up- record levels!
— Donald J. Trump (@realDonaldTrump) June 11, 2017
While those in media can ignore that the Dow, Nasdaq and S&P 500 have all consistently increased since Trump became president, they cannot deny it.
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