Capitol Report: Trump again takes credit for the bull market, touts a different kind of MAGA — Microsoft, Amazon, Google and Apple
Amazon last week officially became only the fourth U.S. company in history to close the trading session with a market capitalization of at least $1 trillion, joining tech behemoths Microsoft, Apple and Google parent Alphabet.
Well, that sounds like the kind of stock-market stat President Donald Trump loves to take credit for — and, once again, he didn’t disappoint.
During an Oval Office press gathering Tuesday where he reportedly announced a bill related to STEM careers for veterans, he held up this sheet of paper:
As you can see, that’s the “Trillion $ Club,” whose initials, Trump proudly pointed out, spell “MAGA,” a reimagining of his “Make America Great Again” rally cry.
Technically it’s Alphabet, not Google, but “MAAA” is less catchy.
“For 144 days, we set a record stock market,” Trump said, according to a press pool report. “It means 401(k)s, it means jobs. Four trillion dollar companies: Apple, Amazon, Google, Microsoft. You have MAGA. The trillion dollar club.”
Trump has now mentioned the “stock market” in tweets at least 133 times, according to TrumpTwitterArchives.com, this being his latest:
As for the stock market, the Dow Jones Industrial Average
closed flat while the S&P 500
led the way in terms of market cap for the MAGA foursome, closing at $1.4 trillion on Tuesday. Apple
ended at $1.39 trillion, followed by Amazon
at $1.07 trillion and Alphabet
at $1.03 trillion.