Trump says stock market hit ‘new record’ – Here’s how much S&P 500 has climbed since he took office

United States President Donald Trump declared a new stock market record on Friday, as the S&P 500 notched its eighth consecutive weekly gain, its longest winning streak since 2023.

President Trump posted ‘new stock market record’ on his Truth Social on Friday. He pointed out the gains in the stock market, which have helped the S&P 500 Index – which tracks the performance of 500 of the largest publicly traded companies in the U.S. – enter its price discovery.

Furthermore, the S&P 500 index has surged over 18% since early April, reaching an all-time high ($ATH) of about 7,500 on May 22.

Since Trump returned to the White House on January 21, 2025, the S&P 500 Index has climbed steadily, despite early turbulence from his sweeping tariff rollout. Precisely, the S&P 500 index has surged roughly 23% since President Trump took office for his second term until press time.

The S&P 500 index rallied to its $ATH during President Trump’s second term, beginning after it bottomed following the ‘Liberation Day’ for tariffs in April 2025. Furthermore, the fund has surged by more than 54% since Liberation Day.

What’s next for the U.S. stock market under President Trump?

While the U.S. stock market records notable gains, Gary Shilling, president of A. Gary Shilling & Co cautioned investors about a potential near-term stock market sell-off, as Finbold explained. Shilling argued that the stock market is already in a risk-off environment and its current rally could be fueled by a rising number of speculators.

However, President Trump has stated repeatedly that the stock market could rally further, especially after the war with Iran ends. Moreover, the S&P 500 Index surged over 46% during his first year in office.

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