President Donald Trump said the stock market had one of its worst days in history because of election results, while urging investors not to fear.
“We will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE,” he said.
Why it matters
Trump tied the market's performance directly to the election outcome. His remarks combine a stark assessment of the selloff with an optimistic message about a recovery.
Market impact
The president's statement puts the stock market's reaction to the election in focus. He did not specify a market index or quantify the decline in his remarks.
Frequently asked questions
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What did Trump say caused the stock market decline?
Trump attributed the stock market's performance to election results.
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How did Trump characterize the market's performance?
He described it as one of the stock market's worst days in history.
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What message did Trump offer investors after the selloff?
He urged investors not to fear and said the market would be bigger and stronger than ever before.
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Did Trump name a stock index in his remarks?
He did not specify a market index in the remarks cited.
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Did Trump quantify the stock market's decline?
He did not quantify the decline in the remarks cited.
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