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Monday, January 18, 2021

Trump blames stock drop on Democratic candidates, coronavirus

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Trump blames stock drop on Democratic candidates, coronavirus
Trump blames stock drop on Democratic candidates, coronavirus

When asked by a reporter during a news conference Wednesday, U.S. President Donald Trump attributed the drop in the stock market to both the Democratic presidential field and the spread of the coronavirus.

Global stock markets have slumped in recent days due to worries over a prolonged disruption to supply chains and economies from the virus, which has infected about 80,000 people and killed nearly 3,000, mostly in China.

U.S. stocks turned lower in afternoon trading on Wednesday in a fresh wave of selling sparked by fears of the coronavirus spreading in the United States.

The S&P 500 index fell for a fifth straight day and the Dow Jones Industrial Average ended down 123.77 points, or 0.46%.

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