Dow Jones breaks through 50,000 mark! Trump boasts: Achieved the goal three years ahead of schedule, will reach 100,000 points by the end of his term.

Dow Jones breaks through 50,000 mark! Trump boasts: Achieved the goal three years ahead of schedule, will reach 100,000 points by the end of his term.

U.S. stocks rebounded strongly on Friday, with the Dow Jones Industrial Average making a historic breakthrough past the 50,000 mark, marking the largest single-day gain since May last year. Trump quickly credited this milestone to his tariff policies and predicted that the Dow would reach 100,000 points before the end of his term.

On Saturday, Trump posted on Truth Social, stating that experts had predicted that reaching 50,000 points by the end of his term would be an outstanding achievement, but he completed this goal three years ahead of schedule. He urged voters to remember this during the midterm elections and warned that the Democrats would "destroy the economy."

The U.S. president attributed the Dow’s new record to his “great tariff” policies, claiming they led to record-breaking stock market performance and national security. In his next post, he wrote: "I predict the Dow will reach 100,000 points by the end of my term. Remember, Trump is always right about everything! I hope the U.S. Supreme Court is paying attention.” The latter refers to the Supreme Court’s impending ruling on the legality of imposing comprehensive tariffs on foreign countries.

Tech stocks lead the strong rebound in U.S. stocks

The Dow Jones Industrial Average soared 1,206 points on Friday, up 2.5%, closing at 50,115.67 points and leading the major indexes. The S&P 500 rose 2%, and the Nasdaq jumped 2.25%.

Strong performance by chip manufacturing companies drove this round of rebound. Nvidia surged 7.8%, narrowing its weekly decline, while Broadcom soared 7.1%. These stocks contributed to the majority of the S&P 500’s gains, as investors bet that customers will continue to invest in artificial intelligence technologies.

Amazon CEO Andy Jassy said on Thursday night that the company expects to invest about $200 billion this year to seize "major opportunities in artificial intelligence, chips, robotics, and low Earth orbit satellites." Google parent company Alphabet also indicated it would increase investment in artificial intelligence technology.

Earlier in the week, U.S. stock investors faced considerable pressure. The Nasdaq index had declined for three consecutive trading days, with software stocks and some tech giants related to artificial intelligence sharply falling. The strong rebound on Friday marked a significant shift in market sentiment, as tech stocks regained much of the week's losses. This was the best single-day performance for U.S. stocks since May last year.

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