Trump says market is in 'slight pause' because of upcoming midterms

Trump says market is in "slight pause" because of upcoming midterms.

October 30, 2018, 11:37 AM

President Donald Trump on Tuesday morning tweeted about the fall in the stock market, which plunged last week, calling it a "little pause" because of the upcoming midterm elections.

Trump's tweet comes on the heels of last week's stock market plunge on Wednesday, when both the Dow Jones Industrial Average and S&P 500 closed in negative territory for the year.

Both indices have previously hit historic highs this year, before starting on a precipitous decline. The Dow was down 2,191 points from its all-time high on Oct. 3, and the S&P 500 fell 285 points from a record high on Sept. 20.

PHOTO: President Donald Trump speaks during a rally at Southern Illinois Airport in Murphysboro, Ill., Oct. 27, 2018.
President Donald Trump speaks during a rally at Southern Illinois Airport in Murphysboro, Ill., Oct. 27, 2018.
Jeff Roberson/AP

The president also took a shot at Democrats, who some pollsters predict will see strong turnout next week, and suggested constituents vote for them if they want to continue to see the decline.

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