Donald Trump used his social media account to announce that the S&P 500, the benchmark index of the American stock market, closed out its strongest quarter since 2020.
What actually happened
As trading closed at the end of June, it became clear that the S&P 500 had just wrapped up its best quarterly performance in years. According to news reports, the Nasdaq also notched its strongest quarter since 2020 in the same stretch, while the Dow Jones Industrial Average hit a fresh record. Donald Trump shared the milestone on his Truth Social account, @realDonaldTrump.
What Trump wrote
In his post, Donald Trump stated plainly that the S&P 500 had closed with its strongest quarter since 2020. The post came right after the market data was finalized, framing the performance as a major win.
What is driving the rally
According to market observers, the biggest force behind the rally is investor optimism around artificial intelligence. Despite lingering worries over inflation, demand for AI-linked stocks kept pushing the broader market higher. In the end, AI optimism outweighed inflation fears, and both major indices, the S&P 500 and the Nasdaq, closed out their best quarters in years.
Why this quarter's numbers matter
A strongest quarter since 2020 reading means the market has not moved this fast since the pandemic era. It signals that big investors currently have strong confidence in technology and AI-related stocks heading into the rest of the year.
