‘Check the 5-year-chart’: MAGA defends Trump amid Dow Jones plummet

The Dow Jones plummeted over 2000 points on Friday two days after Donald Trump's tariff announcement

Published on: Apr 5, 2025, 07:15:16 IST

Edited by Yash Nitish Bajaj

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After the Dow Jones plummeted over 2000 points on Friday, two days after Donald Trump's tariff announcement, several right-wing ‘MAGA’ commentators rushed to defend the president. ‘Look at the 5-year-chart’, one person wrote, suggesting American investors had gained long-term.

Donald Trump's tariff announcement sent the stock market plummeting (REUTERS)

The 30-company index fell 2,231.07 points, or 5.5%, to 38,314.86 on Friday, the biggest decline since June 2020 (during the COVID pandemic). The index had tanked 1,679 points on Thursday. The S&P 500 tanked 5.97% to 5,074.08, the biggest decline since March 2020. The Nasdaq Composite dropped 5.8%, to 15,587.79.

MAGA defends Trump

Several Trump supporters rallied behind the president, posting photos of the Dow Jones' five-year chart. American polling company Rasmussen Reports suggested that the Dow is much higher than it was five years ago, when former President Joe Biden came into power.

“Past five years the Dow Jones is up 65%, Nasdaq 93% and S & P 85%,” one person wrote on X, platform formerly known as Twitter.

“The Dow Jones Industrial average is +85% over the past 5 years,” another one claimed.

“The Dow of the last 5 years. Note the absolute slog that was 2022-23,” a third person tweeted.

Donald Trump reacts to stock market crash

After being asked about the stock market plummet, President Trump said: “The markets are going to boom, the stock is going to boom, the country is going to boom."

“I think it's going very well. We have an operation, like when a patient gets operated on, and it's a big thing. I said this would exactly be the way it is,” he added, an apparent reference to the selloff.

The 78-year-old's reaction came two days after he announced reciprocal tariffs, ranging from 10% to 49%. He levied a 26% tariff on India, 34% on China, 46% on Vietnam, and 10%on the UK. The European Union has been slapped with a 20% tariff.

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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