White House on Dow plunge economic fundamentals

White House on Dow plunge: Trump's 'focus is on our long-term economic fundamentals'.

WASHINGTON — While President Trump often touts stock market gains as a sign of his administration's economic success, his press secretary downplayed Monday's significant Wall Street losses. 

“The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers," White House Press Secretary Sarah Sanders said in a statement.

"The President’s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people," she continued. 

The stock market plunged 1,175 points Monday after falling 666 points on Friday. It's the biggest two-day point loss in U.S. history. 

You also like to read