President Trump Donald John TrumpTrump says he doesn't think he could've done more to stop virus spread Conservative activist Lauren Witzke wins GOP Senate primary in Delaware Trump defends claim coronavirus will disappear, citing 'herd mentality' MORE on Thursday touted stock market rallies and job growth since his election.

Since November 8th, Election Day, the Stock Market has posted $3.2 trillion in GAINS and consumer confidence is at a 15 year high. Jobs! — Donald J. Trump (@realDonaldTrump) March 2, 2017

The Dow Jones industrial average hit a new high Wednesday, eclipsing 21,000 points for the first time in history.

The Dow peaked at 21,141 points at 12:30 p.m. that afternoon.

The S&P 500 and Nasdaq also rose about 1.4 percent each following Trump’s first address to a joint session of Congress late Tuesday.

ADVERTISEMENT

During that speech, Trump repeated pledges to cut corporate taxes and cut down on regulations from the Obama administration.

Stocks have rallied consistently since Trump’s White House win in November, invigorated by optimism that his policies will boost business.

Trump and his aides have taken credit for the stock boom, a rare step for administrations wary of tying themselves to any unforeseen market downturn.

Treasury Secretary Steven Mnuchin said last week that stock performances were “absolutely” a good report card for the administration’s economic policies.

Wall Street analysts caution that the market rally may fade should the administration not clarify or make progress on its economic policies.