SPX3,655.04-38.19 -1.03%
DIA292.72-3.14 -1.06%
IXIC10,802.92-65.00 -0.60%

Biden: stock market doesn’t necessarily reflect economy's overall state

Biden: stock market doesn’t necessarily reflect economy's overall state

Reuters · 09/13/2022 19:28
Biden: stock market doesn’t reflect economy's overall state

- U.S. President Joe Biden said the stock market, which fell sharply on Tuesday on inflation concerns, does reflect the overall state of the economy.

Biden, who spoke to reporters on a trip to his home state of Delaware to vote in a primary, also said he was concerned about Tuesday's report on inflation, which showed an unexpected rise in consumer prices in August.


(Reporting by Steve Holland; Writing by Eric Beech; Editing by Christian Schmollinger)

((eric.beech@thomsonreuters.com; 202-898-8322; Reuters Messaging: eric.beech.reuters.com@reuters.))