United States President Donald Trump has taken to social media to boast about the state of the economy amid a looming peace deal between the US and Iran, which yesterday signed a memorandum of understanding (MoU) to end the US-Israel war on Iran.In a post on his social media platform Truth Social, the president claimed that “OIL IS FLOWING” and added that “THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!)”Recommended Stories list of 4 itemsend of listWhile some of his claims are accurate, others are misleading. Al Jazeera takes a look:‘Stock Market Just Hit A RECORD High’That is true specifically for the Dow Jones Industrial Average. That index hit a record high of 51,999.67 for its close on Tuesday amid the potential of a ceasefire and a rally for the newly listed SpaceX.The Dow slipped from that high on Wednesday amid the US Federal Reserve’s announcement that it would maintain the benchmark interest rate in the target range of 3.5-3.75 percent, and closed down on Wednesday at 51,494.99. The Dow has since jumped 0.35 percent in midday trading on Thursday at 51,671.The Nasdaq Composite Index and S&P 500 both slipped.However, this may not directly impact the 38 percent of Americans who do not invest in the stock market.“The idea that the stock market is doing well does not reflect people’s experiences. There’s a saying that the stock market is n …
