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STEPHEN MOORE: From Dow 800 to 50,000--Reagan, Trump and the supply-side miracle

14 17
11.02.2026

Fox News senior White House correspondent Jacqui Heinrich has the latest on President Donald Trump's claims of economic success, despite mixed public perception, on 'Special Report.'

When I first arrived in Washington in 1982, the Dow Jones hit a low of 800. You may not believe that, so feel free to look it up.

If anyone had predicted that in a little more than four decades the Dow would surpass 50,000, they might have been admitted into a mental institution. But U.S. stocks have grown 60-fold (not counting inflation). Even accounting for inflation, the Dow is up about 12-fold. We have lived through the greatest period of wealth creation in perhaps the history of the world.

No other nation has come even close in modern times. Consider that American publicly traded companies are now worth more than $70 trillion.

TRUMP PREDICTING 100K ON DOW BY TIME HE LEAVES OFFICE, CLAIMS HE WAS 'RIGHT ABOUT EVERYTHING'

Is China catching up? Yes, but they've got a lot........

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