The White House downplayed the significance of 'Black Monday' on Wall Street, which caused the greatest declines in the market since Donald Trump's presidency. Karoline Leavitt, White House spokesperson, indicated that the losses in the U.S. markets are a temporary phenomenon and do not reflect the overall situation of the country’s economy.
Leavitt described the crash on Wall Street, including the 15% drop in Tesla shares, as a transitional phase from what she referred to as the 'economic nightmare' of Joe Biden's administration to the 'golden age of American manufacturing' during the previous Republican administration.
On Tuesday, March 11, the following movements were observed on Wall Street: the Nasdaq rose 0.17% to 17,498 points, the S&P 500 fell 0.56% to 5,583 units, and the Dow Jones decreased 0.92% to 41,525 points.
On the other hand, President Trump chose not to face the press on Monday, March 10, after the fall in the stock markets, driven by concerns over a possible recession in the United States attributed to his tariff policies. Despite having three events scheduled at the White House, the events remained closed to the press without explanation from White House spokespersons.
