Dow Jones Currently Below Trump’s Inauguration Day

The Hill reports:

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.

The Dow has wiped out all its gains since Trump’s inauguration. Now down 1,500 points since start of trading Wednesday https://t.co/NLBd1vD5kR pic.twitter.com/kBvVFKoRgX

— Bloomberg (@business) March 18, 2020