From a Thousand to Fifty Thousand: Moore Says U.S. Could Hit Dow Jones 100,000 Under Trump

By Nicole Weatherholtz | Monday, 09 February 2026 11:34 AM EST

Economist Stephen Moore said President Donald Trump’s prediction that the Dow Jones Industrial Average could reach 100,000 by the end of his term is ambitious but possible.

Moore expressed confidence that the United States will lead the next wave of technological growth. During recent comments, he noted that the call reflects confidence in America’s ability to dominate emerging technologies such as artificial intelligence and robotics.

The remarks followed a surge in the Dow Jones Industrial Average, which jumped 1,200 points on Friday to hit the 50,000 mark for the first time.

Moore said the milestone highlights how dramatically the U.S. economy has expanded over several decades.
“When I started my career in Washington about 40 years ago, believe it or not,” he asked, “do you have any idea what the Dow was back in the early ’80s? A thousand.”

Moore urged viewers to keep that perspective as markets continue reaching historic highs.
“Now, think about that. We’ve gone from 1,000 to 50,000,” he said. “A lot of people deserve a lot of the accolades for that.”

As co-founder of the Committee to Unleash Prosperity, Moore credited leadership across party lines for creating conditions that fueled long-term growth.
“Of course, [former President] Ronald Reagan came in and turned around a ruined economy in the 1970s with his famous tax cuts and draining the inflation out of the system we had in the ’70s,” Moore said. “And then we had a booming stock market when Bill Clinton, a moderate Democrat, was president.”

Moore also pointed to President Trump’s policies as a major driver of recent stock market gains.
“And of course, Trump deserves a lot of credit too for this last climb in the market,” he added.

The 50,000 milestone matters, he said, because of America’s growing economic dominance on the world stage.
“Just to put this in perspective,” Moore stated, “it really is a pretty amazing thing. The value of all American companies now is almost as great as all the rest of the companies in the world combined.”

“Think about that — that’s amazing.”

Moore argued that Trump’s 100,000 prediction depends on whether the U.S. continues to lead the industries shaping the future.
“One of the reasons we’ve seen this huge rise in the Dow — by the way, the Nasdaq is growing even faster — is because the United States has completely dominated the internet age over the last 25 years,” Moore said, citing companies like Apple, Amazon, Google, Nvidia, and Microsoft.

The same dominance could push markets even higher in the coming years.
“If we do the same thing in artificial intelligence and robotics,” Moore said, “you could see a Dow Jones of 100,000 in three and a half years. But it is possible that we could continue to see this very positive run in the valuation of American companies.”