A landmark moment has captured national attention as the U.S. market reaches a level never seen before.

President Donald Trump spoke out after the U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

The S&P 500 rising 2% for its biggest gain since May. The Dow Jones Industrial Average jumped 1,206 points, or 2.5%, topping 50,000 for the first time, while the Nasdaq composite gained 2.2%.

Trump posted on Truth Social, “The ‘Experts’ said that if I hit 50,000 on the Dow by the end of my Term, I would have done a great job, but I hit 50,000 today, three years ahead of schedule — Remember that for the Midterms, because the Democrats will CRASH the Economy!”

Trump has pointed to recent gains in the stock market as evidence that his economic agenda is working, but economists say a rising market does not necessarily signal broad improvement across the economy. Stock prices are influenced by expectations about corporate profits, interest rates and future growth, and they often reflect the fortunes of large companies and wealthy investors more than those of typical households.

While a stronger market can lift consumer confidence and retirement savings, it does little on its own to address challenges such as stubborn inflation, high borrowing costs and uneven wage growth. Many Americans remain sensitive to rising prices for housing, food and energy, and small businesses continue to face higher financing costs. Economists note that a sustained economic turnaround depends more on factors such as job growth, productivity gains and easing cost pressures than on short-term market rallies.

“The hiring recession isn’t going to end anytime soon,” Heather Long, chief economist at Navy Federal Credit Union, wrote in a commentary.

“Job openings in December just fell to their lowest level since September 2020. It’s yet another sign of how little hiring–or interest in hiring–is happening in this economy.”