President Trump said that a “big part” of the stock market and the Dow’s surge today was due to his work to get the country “open as soon possible” as well as the potential deal reached on the Hill.
“This is very encouraging and I think part of the reason is looking what is close to being passed and I think a very big part of it is they see that we want to get our country open as soon as possible. They see we’re working very hard on that. That’s a very big factor I think in today’s historic gain,” Trump told reporters in the briefing room on Tuesday.
US stocks ended in the green on Tuesday, recouping all of Monday’s losses as investors grew optimistic about the government’s response to the coronavirus crisis.
“The legislation developed in the Senate is the first step to restoring confidence and stability to America’s economy,” Trump added.
Trump also mistakenly claimed that today was the biggest one day gain for the Dow in history. In reality, it was the biggest one day gain for the Dow since 1933.