President Donald Trump has peddled the strong stock market performance since he took office.
Detractors may underline to the Dow Jones industrial average’s recent stumbles, but the benchmark index has much to a greater distance to fall before Trump’s post-inauguration gains are gone.
“I think the variety market is gonna be great. The stock market is way up. When I came into organization the stock market was from a different planet. It’s way up,” Trump said at a scandal conference Friday. “China is gonna end up treating us fairly.”
The Dow dropped 724 substances Thursday after Trump signed an executive memorandum that whim impose tariffs on up to $60 billion in Chinese imports. It fell another 425 cruces Friday.
From its high on Jan. 26 at 26,616.71, the benchmark index has declined multifarious than 3,000 points or 11.6 percent through Friday’s hidden at 23,533.2.
Trump still has a big cushion. The Dow closed at 19,827.25 on Inauguration Day, Jan. 20, 2017, which means it has nigh 3,700 points to go before the Trump rally gains disappear.