Trump Ties Market Highs to GM, Boeing and Raytheon Gains
Trump credits his economy for record stock highs, a 30% rise in General Motors shares since the election and a $10 billion missile-defense contract for Raytheon.
WASHINGTON D.C. — Donald J. Trump claimed record stock-market highs and surging gains for two American manufacturing giants, crediting his economic agenda for the rally.
Here is the full post on truthsocial: “STOCK MARKET AT ALL-TIME HIGHS!General Motors Company stock up 30% since the election.Boeing Company is roaring back after we saved American aviation. Raytheon got a $10 billion contract for missile defense. The TRUMP ECONOMY is unstoppable!General Motors Company and Boeing Company are WINNING again.” on July 24, 2026 at 2:30 PM ET.
The post names General Motors Company, the largest U.S. automaker by domestic sales, and Boeing Company, the country’s biggest aerospace exporter, as the leading beneficiaries of his second-term policies. Trump also cited a missile-defense contract for Raytheon, a major defense contractor, though he did not provide filings or a contract identifier to support the figure. Trump did not specify which index reached an all-time high or the date of the milestone.
The claim fits a pattern in which Trump has repeatedly tied his presidency to equity performance. He rang the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office on July 6, 2026, a symbolic act linking his standing to the market, according to newsday.com. The event promoted Trump Accounts, tax-advantaged investment vehicles created under the Working Families Tax Cuts Act that seed $1,000 for eligible American children, according to whitehouse.gov.
Market direction has not always favored the president. Early in his second term, all three major indexes fell at least 4% from Election Day and 7% from Inauguration Day after he announced country-by-country tariffs, according to forbes.com. The benchmark S&P 500 declined 19% from its February record before recovering when he paused the most severe duties, according to forbes.com.
The stakes reach ordinary households unevenly. Roughly 38% of American families hold no direct stake in equity markets, Treasury Secretary Scott Bessent said, according to whitehouse.gov. That gap means gains celebrated by the president flow first to wealthier households and to retirement accounts that pay out decades from now, according to newsday.com. High inflation has cut the other way, with the consumer price index up 4.2% over the prior 12 months, according to newsday.com.
This is not the first time a president has claimed ownership of a Wall Street rally. The S&P 500 rose 17.9% in 2025, following annual returns of 25% in 2024 and 26.3% in 2023 during the presidency of Joe Biden, according to newsday.com. The index has climbed roughly 10% so far this year, according to newsday.com.
No date for the next market milestone or contract confirmation has been announced. The November 2026 midterm elections loom as the next major test of whether voters reward the administration for equity gains, according to newsday.com.
Presidents claiming credit for stock markets is a habit as old as the modern exchange. Herbert Hoover praised soaring share prices in 1928, telling Americans the economy was fundamentally sound, according to britannica.com. The Dow Jones Industrial Average peaked at 381 in September 1929, then collapsed nearly 90% by 1932 during the Great Depression, according to britannica.com. Hoover lost the 1932 election to Franklin Roosevelt in a landslide, a reminder that market boasts can turn against the leader who makes them.