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.
Photo: Shutterstock
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