"Trump falsely claimed that the stock market had hit a new high on Thursday, while the Dow plunged over three hundred points. Trump spoke to press while visiting the Lincoln Memorial to inspect his renovation of the Reflecting Pool. A reporter asked the president about his pause on his operation to guide ships through the Strait of Hormuz, asking if he would resume the project due to high gas prices."
"Well, no gas prices have come down today. Have you looked? They've come down very substantially today, said Trump. You know what's happened today? Gas prices are way down, and the stock market is way up today. The average price of regular gas nationwide rose slightly on Thursday, according to AAA, up from $4.536 a gallon on Wednesday to $4.558."
"The president repeated his false claim about the stock market, doubling down on the statement by asserting that not only had the market risen, it had hit its 59th new high during his tenure. The stock market hit a new high. Nobody thought that was possible, he said. Stock market today for the 59th time since I'm president, hit a new high."
"The stock market did not, in fact, hit a new high today. All three major indexes dropped. The S&P fell 28 points, the NASDAQ fell 32 points, and the Dow fell over 300 points on Thursday, bringing it back below 50,000 after its surge the previous day. Wednesday saw the Dow rise over 700 points, surpassing that 50,000 marker for the first time since February 12."
Trump claimed the stock market reached a new high on Thursday while the Dow fell more than 300 points. He also said gas prices were down substantially and that the stock market was up that day. AAA reported the average price of regular gas nationwide rose slightly from $4.536 per gallon on Wednesday to $4.558 on Thursday. Trump repeated that the market hit its 59th new high during his tenure. In reality, all three major indexes declined, with the S&P down 28 points, the Nasdaq down 32 points, and the Dow dropping back below 50,000 after the prior day’s surge.
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