🚨Breaking: President Trump issues statement on the stock market hitting a new all-time high🇺🇸

1️⃣ Full text of the President's statement
Trump announced on Truth Social: "The stock market hit a record high today. Employment and 401-K plans are booming!!!" He stated that strong employment and retirement account growth reflect ongoing economic momentum.
According to reports from Jin10, Benzinga, and other media outlets, Trump has consistently attributed stock market performance to his tariff policies and the "Make America Great Again" agenda, promoting it as a core achievement.
2️⃣ Actual market performance
On May 6, Eastern Time, all three major U.S. stock indices rose:
S&P 500 +1.46%, closing at 7,365.08 points (another record high)
Nasdaq +2.02%, closing at 25,838.94 points (the second consecutive trading day to reach a new high)
Dow Jones +1.24%, briefly returning to 50k points during the session
3️⃣ Driving factors
A more than 7% plunge in oil prices served as the main catalyst — the U.S.-Iran ceasefire memorandum triggered a sharp drop in oil prices, easing inflation expectations for gasoline. Meanwhile, AMD's earnings exceeded expectations, Nvidia surged 5.77%, regaining a market cap of $5 trillion, with AI and chip stocks leading the charge. Tesla and Google both rose over 2%, and the Nasdaq China Golden Dragon Index also jumped 3.45%.