‘Jobs and 401(k)s are booming’: Trump applauds all-time high for US stock market as he posts snapshot of soaring Dow

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President Donald Trump has erstwhile again seized connected surging US markets to state a caller economical victory, celebrating what helium called booming jobs and status accounts arsenic stocks pushed deeper into grounds territory.

"Stock Market deed an ALL-TIME HIGH TODAY," Trump wrote successful a May 6 station connected Truth Social (1). "Jobs and 401(k)s are BOOMING!!!"

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The station came arsenic the S&P 500 and Nasdaq Composite some notched caller grounds closes connected May 6. Stocks climbed amid reports that the U.S. and Iran were moving person to a imaginable woody to de-escalate conflict, alongside a question of coagulated firm earnings.

Trump past followed up by sharing a screenshot of the Dow Jones Industrial Average, framing it arsenic further impervious of the market's momentum (2). While the Dow did not itself scope a caller grounds successful this trading session, it inactive surged much than 600 points connected Wednesday and remains conscionable shy of its all-time precocious reached successful February.

Trump's "jobs" assertion got caller enactment Friday morning, erstwhile the Labor Department reported that employers added 115,000 jobs successful April, topping expectations of 55,000 (3). The unemployment complaint held dependable astatine 4.3%, giving the president different information constituent arsenic helium argues the system remains connected coagulated footing.

As for Trump's 401(k) boast, it fits a taxable he's been emphasizing each year. In his 2026 State of the Union address, the president said "your 401(k)s are mode up," adding that "Since I took office, the emblematic 401(k) equilibrium is up by astatine slightest $30,000 (4)."

And the banal market's rally has so flowed done to status accounts.

According to Fidelity, the mean 401(k) equilibrium roseate 11% from Q4 2024 to Q4 2025, reaching $146,400 (5). The mean idiosyncratic status relationship equilibrium besides gained ground, rising 7% twelvemonth implicit twelvemonth to $137,095 successful 2025.

Vanguard reported a akin trend, stating that "strong marketplace show successful 2025 led straight to important increases successful status accounts (6)." Its mean 401(k) equilibrium roseate 13% successful 2025 to an all-time precocious of $167,970.

Ride America's marketplace momentum

Long-term vulnerability to high-quality companies done the banal marketplace has created tremendous wealthiness implicit clip — and not conscionable erstwhile Trump is successful the White House.