Trump Says Election Result Wiped Out $3 Trillion in US Stocks in One Day, Vows Stronger Rebound
Summary
- President Donald Trump said the recent election result caused a $3 trillion loss in the U.S. stock market in a single day.
- Trump blamed the election result for the stock-market losses, but did not present specific market data to support the claim.
- Trump said the U.S. would "come back bigger and stronger than ever," expressing confidence in a recovery ahead.
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President Donald Trump claimed the recent election result wiped out $3 trillion from the U.S. stock market in a single day.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Nov. 8 that Trump linked the election outcome to the market's decline and said $3 trillion in market value had vanished in one day.
Trump blamed the election result for the stock-market losses, but he did not provide specific market data to support either the size of the loss or the causal link.
He added that the U.S. would "come back bigger and stronger than ever," expressing confidence in a future recovery.
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