By Emily Goodin, Senior U.s. Political Reporter For Dailymail.com and Wires
Published: 17:05 GMT, 12 February 2020 | Updated: 19:00 GMT, 12 February 2020
Four tech giants whose initials spell out President Donald Trump's favorite acronym have sent the stock market soaring to record highs.
Microsoft, Amazon, Google and Apple have driven a bull market - together they account for about 17 percent of the S&P 500 and almost 70 percent of the NASDQS gain this year.
The four tech giants all have market caps larger than $1 trillion.
And the president has taken credit for the boom. A strong economy is central argument for his November re-election campaign.
'The market is setting a record. We set another record today,' Trump said in the Oval Office on Tuesday. 'It will be the 144th time in a three-year period that I'm President.'
'And we have four trillion-dollar companies. One is Microsoft, one is Apple, one is Google, one is Amazon. So you have Amazon, Google, Apple, and Microsoft. And so, you have an M, you have an A, you have a G, and you have an A. You have MAGA,' he added.