resident Trump on Monday blamed a sharp stock market downturn on the specter of Democratic investigations when they take control in the new Congress.
“The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!” Trump said Monday in a tweet published two hours after U.S. stocks opened with heavy losses.
The Dow Jones Industrial Average had lost more than 400 points by 11:20 a.m., a 1.6-percent drop, while the Nasdaq composite sunk almost 3 percent. The S&P 500 fell 1.5 percent.
A 4.5-percent drop in Apple’s stock prices led to steep declines across the tech sector as one of Wall Street’s best-performing industries continued to take heavy losses throughout the year. – READ MORE