The U.S. market hit a record high on Wednesday, and the buying continued into Thursday before fizzling out by the close of trading, but not before the Dow Jones Industrial Average surpassed the peak of 40,000. It also provided an opportunity for President Joe Biden to respond to his rival Donald Trump for a comment the latter made during a 2020 presidential debate.
What Happened: Biden’s campaign team posted a video clip of the debate in which Trump is seen saying, “The stock market will boom if I am elected. If he [Biden] is elected, the stock market will crash.” The clip was paired with another highlighting the Dow Industrials’ milestone.
Captioning the post, the team said, “Right: The Dow hitting 40,000 for the first time ever in history today.”
Biden seized the opportunity to highlight his accomplishment and the futility of Trump’s prediction. He re-shared the post from his personal X handle along with a picture of him holding an ice cream cone in his left hand, with his right hand holding out the letter “L,” apparently referring to Trump as a “loser.”