President Trump has presided over a booming economy and stock market, and trillion-dollar tech companies are leading the way.
“For 144 days, we set a record stock market. It means 401Ks, it means jobs. Four trillion dollar companies: Apple, Amazon, Google, Microsoft,” President Trump recently explained. “You have MAGA. The trillion dollar club.”
These four companies account for about 16 percent of the total value of the S&P 500. Tack on $600 billion Facebook and the MAGA Five account for more than 18 percent of the index – nearly a fifth of the value of those popular funds in 401(k) accounts the president was referring to.