U.S. Stock Market Valuation Doubles to $63.8 Trillion in Five Years

The U.S. stock market has surged to a record $63.8 trillion in public equity value, more than doubling its size since 2020, according to Goldman Sachs. The milestone was achieved in just five years—three years faster than the previous doubling cycle. The American market now dwarfs its global counterparts, exceeding the combined market capitalizations of Europe, China, Hong Kong, Japan, and India.

Equities rallied at the quarter's end, with the S&P 500 and Nasdaq Composite closing at all-time highs. The Dow Jones Industrial Average rose 275 points, though futures retreated slightly in early Tuesday trading. Meanwhile, trade tensions flared between the U.S. and Canada after President TRUMP threatened to halt negotiations, prompting Ottawa to roll back its digital services tax.