Trump Claims US Stocks 'Best in History' as S&P 500 Surges 30%
SingTao · 2 SOURCES1 day ago2 MIN
Summary
US President Trump used his social media platform to declare that American stock market performance is "Best in History!" accompanying the post with charts showing the S&P 500 climbing roughly 30% from 5,881 points in December 2024 to 7,651 in September 2026. Despite this celebration, markets ended the week on a sour note as concerns over AI investment returns and surging international oil prices triggered broad selling in technology and semiconductor stocks .
Key Points
- Trump posted on social media that US stock performance is "Best in History!" with the S&P 500 rising 30% during his term
- The S&P 500 climbed from 5,881 points in December 2024 to 7,651 in September 2026, representing approximately 30% growth
- On Friday, the Nasdaq fell over 2%, the S&P 500 dropped 1.1%, while the Dow Jones showed relative resilience, declining only 0.34%
- The Philadelphia Semiconductor Index fell for the eighth consecutive trading day, marking the longest losing streak since 2008
- For the full week, the Nasdaq declined approximately 4.5% and the S&P 500 fell about 1.9%, reflecting significant tech sector weakness
Why It Matters
The divergence between Trump's celebratory market claims and the current tech selloff underscores the uneven nature of market recovery under his administration . With Hong Kong-listed tech firms and semiconductor companies closely tracking US peers, this sustained semiconductor sector weakness could weigh on local markets and investor sentiment in the coming weeks .
The divergence between Trump's celebratory market claims and the current tech selloff underscores the uneven nature of market recovery under his administration . With Hong Kong-listed tech firms and semiconductor companies closely tracking US peers, this sustained semiconductor sector weakness could weigh on local markets and investor sentiment in the coming weeks .