Trump Beats Obama's Dow Jones Record Again !

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Trump Beats Obama's Dow Jones Record Again !

Postby toucana on February 5th, 2018, 8:43 pm 


During president Obama's most recent administration, the Dow Jones Industrial Average (DJIA) never closed down by more than 650 points at the end of day close of trading. That figure was comfortably eclipsed today for the second time in recent memory when the DJIA plummeted 1,600 points before rallying slightly to close -1,175 points down.

The drop amounted to 4.6% -- the biggest decline since August 2011, during the European debt crisis. The sell-off wiped out the Dow and S&P 500 gains for the year, and left the Nasdaq barely in positive territory for 2018.

The stock market plunge created an embarrassing dilemma for Fox News who were screening live coverage of a speech by president Trump at Blue Ash Ohio.

Trump, who has constantly boasted about almost daily record highs on Wall Street since his election, was celebrating his administration's robust job creation along with rising wages, as well as excoriating Democrats by accusing them of 'treason' for failing to applaud wildly during his recent SOTU speech - when the split screen video displays started displaying an economic code red of plummeting stocks.

Fox bailed out of the live feed of the president's speech when the plunge hit -1000 points.
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