00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump told global leaders at the World Economic Forum in Davos on Wednesday that the Dow Jones
00:07industrial average is headed for 50,000 and said the stock market could double in a relatively
00:13short period. According to Benzinga, Trump downplayed Tuesday's sell-off during his address.
00:18He said the decline was tied to Iceland and called the move peanuts compared to market gains.
00:23The Dow traded at 48,819.98 on Wednesday morning, up 331.39 points or 0.68 percent.
00:34U.S. equities rebounded after Tuesday's risk-off session tied to Trump's trade stance toward
00:39Europe. The S&P 500 fell 1.5 percent on Tuesday, marking its worst session since late November
00:45after Trump threatened additional 10 percent tariffs on several European countries if
00:50Greenland negotiations fail.
00:52For all things money, visit Benzinga.com.
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