Trump states that he will abstain from making any stock market forecasts to avoid a potential 'dip'.

• "Trump stated on "Squawk on the Street" that he didn't want to get into a situation where they did something that caused a dip, as that could always happen."
• During his first term, Trump frequently utilized the stock market as a benchmark for his performance. Specifically, the S&P 500 experienced an impressive increase of approximately 68%, culminating in record-breaking heights.

On Thursday, President-elect Donald Trump refrained from urging investors to purchase more stock after ringing the opening bell at the New York Stock Exchange.

"Trump stated on "Squawk on the Street" that he didn't want to get into a situation where they did something that caused a dip, as that could always happen."

During his first term, Trump frequently utilized the stock market as a benchmark for his performance. The market experienced a remarkable increase of nearly 68%, reaching unprecedented heights. Several factors contributed to this growth, including the corporate tax cuts enacted by the administration and the Federal Reserve's maintenance of interest rates close to record lows, which helped stimulate inflation and further boost stock prices.

On Thursday, he announced at the exchange that there was a possibility of lowering taxes again. "We're going to do things that haven't been done before," he said. "We're going to cut taxes even further." He added that if you don't build here, you'll pay 21%, but if you do, they'll try to get it to 15%, but you have to build your product and make it in the USA.

Wall Street executives and investors, including Goldman Sachs' David Solomon and Pershing Square's Bill Ackman, attended the NYSE for Trump's bell-ringing ceremony. Ackman later stated on CNBC that "most of the country comprehends that thriving businesses lead to a rising stock market, which in turn results in higher wages, increased job opportunities, and an influx of businesses to the country. This benefits everyone."

Trump did not urge investors to purchase stocks immediately, but he remained optimistic about the long-term market outlook.

"He stated that in the long run, this country will be unique, as we experienced our best three years until Covid arrived, following being named Time Magazine's "Person of the Year."

—With reporting by Yun Li