Trump Approval Rating Moves Lower After Dow Jones Hits Record 50,000: Voters Aren't Happy About The Economy

Record highs for the stock market indexes continue to be a major talking point for President Donald Trump. A voter poll shows that stock market highs aren’t enough to get the president’s approval rating back into positive territory.

Trump’s Approval Rating

A new Morning Consult poll shows Trump with an approval rating of 45% and a disapproval rating of 52%, compared to 46% and 51% two weeks ago, with both numbers getting worse for the president.

The poll shows the following ratings by political affiliation:

• Republicans: 86% approval, 14% disapproval
• Democrats: 11% approval, 79% disapproval
• Independents: 33% approval, 60% disapproval

Surprisingly enough, Trump’s approval rating went up for Democrat and Independent voters, while approval from Republicans was down from 87% two weeks ago.

Trump’s approval rating is near the lowest of his second presidential term and down significantly from the 52% he had when he began his second term last January. Trump’s ratings were 47% and 47% around this time in his first presidential term, which makes him less popular now.

The poll found Trump to have a favorable rating of 44% and unfavorable rating of 53%. The president’s net favorable rating (favorable minus unfavorable) has been negative most of his second term.

Lower Prices Vs. Stock Market Highs

The latest poll was conducted between Feb. 6 and Feb. 9, after the Dow Jones Industrial Average hit a new record above 50,000.

While 70% of voters say health care and cost reduction should be top presidential priorities, barely half believe the president has made them one (48% for health care and 52% for cost reduction).

On health care and the economy, Trump gets approval ratings of 42% and 44% respectively. Trump’s disapproval on these two issues of 49% and 48%, respectively, are the highest disapproval ratings among the items mentioned in the poll.

The poll shows that voters aren’t impressed enough by record-high stock prices and still want lower prices for health care coverage and at the grocery store.

Stock Market Index Prices

The SPDR S&P 500 ETF Trust (NYSE: SPY), which tracks the S&P 500, is nearly flat in 2026, down 0.05%. The ETF is up 12.0% over the last 52 weeks.

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

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