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Jan. 24, 2022, 1:59 p.m. EST

As stocks tumble, White House says Biden 'does not look at the stock market as a means by which to judge the economy'

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By Victor Reklaitis

White House press secretary Jen Psaki played down the sharp drop on Monday by U.S. stocks /zigman2/quotes/210599714/realtime SPX +2.47% when asked about the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +1.76% big fall. "We focus on the trends in the economy, not any one day and any single indicator," Psaki told reporters during a briefing. "Unlike his predecessor, the president does not look at the stock market as a means by which to judge the economy." She also said the equity market has gained around 15% since Biden took office.

/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,212.96
+575.77 +1.76%
Volume: 331.19M
May 27, 2022 5:49p
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