President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his election. That was, of course, before investors knew about the new coronavirus.
With COVID-19 and measures to contain its spread seeding economic angst across the globe, the Dow’s steep drop on Monday pushed the 30-stock index below the level where it closed on Nov. 8, 2016, the day Trump won the 2016 election over Democrat Hillary Clinton.
The sell-off is part of a historic market meltdown that has sent the Dow down nearly 40% since last month.
Full article at :CNBC
