Dow erases all gains made since Trump took office
By Niv Elis - 03/18/20 12:43 PM EDT
The Dow Jones Industrial Average on Wednesday erased all the gains it had made since President Trump took office amid the ongoing economic fallout from the coronavirus epidemic.
The morning of Trump's inauguration, the stock index opened at 19,795 and closed at 19,827. At its lowest point on Wednesday, it fell to 19,700.
The S&P 500, widely considered a better gauge of the overall market, remained about 5 percent higher than it was on inauguration day but down dramatically from its February highs.
While the market's volatility means the Dow is likely to bounce and fall dramatically in the coming days and weeks, its descent to levels not seen since before Trump took office carries symbolic weight.
Trump frequently touted the stock market's rise as a sign of his successful stewardship of the economy. Indeed, just a month ago, the Dow surpassed 29,500, and seemed set to break 30,000.
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https://thehill.com/policy/488231-dow-erases-all-gains-under-trump