White House Press Secretary Jen Psaki on Monday was asked if Joe Biden thinks it’s a big deal that the Dow Jones Industrial was down more than 1100 points.
The markets tanked on Monday.
The Dow Jones lost 1100 points at one point on Monday.
CBNC reported:
The Dow Jones Industrial Average lost more than 1,000 points at one point and the decline in the S&P 500 from its record touching the 10% threshold, but stocks rallied off the lowest levels of the session in the afternoon.
The Dow Jones Industrial Average fell about 440 points, or 1.3%, falling for a seventh straight day. At its lows of the day, the blue-chip index shed about 1,115 points. The S&P 500 shed 1.5% and headed for its worst month since March 2020. The benchmark is down about 10% from its intraday high. The Nasdaq Composite declined 1.4%, falling deeper into correction territory down more than 16% from its intraday high.
“Does the President think it’s a big deal that, today, the Dow Jones is down at one point, more than 1100 points?” Fox News reporter Peter Doocy asked.
Psaki immediately attacked Trump.
“Well, to start with, we focus on the trends in the economy, not any one day and any single indicator, unlike his predecessor,” Psaki said.
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