United States President Donald Trump reacted to the US stock markets roaring back on Friday, slamming Democrats and crediting his tariffs imposed on other countries as the reason for the surge.

Tech stocks recovered much of their losses as the Dow Jones index surged passed the 50,000 mark for the first time in history.

The Dow Jones Industrial Average led the major indices amid Friday’s market rally, gaining more than 1,200 points to finish at 50,115.67, up 2.5%.

Reacting to the news, Trump credited himself for bringing the Dow Jones to the 50,000 mark three years ahead of what experts had predicted.

“The “Experts” said that if I hit 50,000 on the Dow by the end of my Term, I would have done a great job, but I hit 50,000 today, three years ahead of schedule — Remember that for the Midterms, because the Democrats will CRASH the Economy!” he said in a post on Truth Social.

Market rally driven by tariffs, says Trump

Donald Trump in another Truth Social post credited the US tariffs on other countries behind the US market rally on Friday.

“Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching,” he wrote.

(This is a developing story. Check back for updates)