Approval Rating Dips for Trump Despite Dow Jones Reaching Record 50,000

Record highs in stock market indexes remain a big talking point for President Trump. A voter poll reveals that stock market highs are insufficient to restore the president’s popularity rating to positive territory.

Trump’s approval ratings

A new Morning Consult poll finds Trump at 45% approval and 52% disapproval, down from 46% and 51% two weeks ago, with both numbers worsening for the president.

The poll provides the following ratings based on political affiliations:

Republicans: 86% favorable; 14% disapproval.
Democrats: 11% approval; 79% disapproval.
Independents: 33% approve, 60% disagree.

Surprisingly, Trump’s favor rating increased among Democrats and Independent voters, while Republicans’ approval fell from 87% two weeks earlier.

Trump’s approval rating is around the lowest of his second presidential term, and it has dropped dramatically from 52% when he began his second term last January. Trump’s approval ratings were 47% and 47%, respectively, during his first presidential term, making him less popular today.

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The poll found that Trump had a positive rating of 44% and an unfavorable rating of 53%. The president’s net favorable rating (favorable minus unfavorable) has remained negative throughout his second term.

Lower Prices against Stock Market Highs

The most recent survey was taken between February 6 and February 9, after the Dow Jones Industrial Average set a new record above 50,000.

While 70% of Americans feel health care and cost reduction should be high presidential priorities, only 50% believe the president has made them such (48% for health care and 52% for cost reduction).

Trump has 42% approval ratings for health care and 44% for the economy. Trump’s disapproval ratings on these two subjects are 49% and 48%, respectively, the highest among the poll’s items.

According to the study, respondents are unimpressed by record-high stock values and prefer cheaper prices for health insurance and groceries.

Stock Market Index Prices

In 2026, the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500, is down 0.05%, or about flat. Over the past 52 weeks, the ETF has risen 12.0%.

The SPDR Dow Jones Industrial Average ETF (NYSE:DIA), which tracks the Dow Jones Industrial Average, has risen 3.1% year to date in 2026 and 10.8% over the previous 52 weeks.