Did Donald Trump just come out against the stock market?

US President Donald Trump | AP

US President Donald Trump | AP

The US stock market remained fragile on Wednesday.

In the early-morning tweet, Mr. Trump lamented that in the "old days", stocks would rise on good economic news, saying "Today, when good news is reported, the Stock Market goes down".

And that's not the case anymore, according to Trump.

Wall Street stocks have been on shaky ground for the last week amid concerns over elevated Treasury bond yields and the likelihood of additional Federal Reserve interest rate increases this year.

Speculation that President Donald Trump would use the memo released by the House Intelligence Committee to fire Deputy Attorney General Rod Rosenstein has died down now that White House officials have said he's not going anywhere, but it appears Trump is looking for a different staff shake-up. Sarah Huckabee Sanders, the White House press secretary, said in a statement on Monday that "the President's focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening USA economic growth, historically low unemployment, and increasing wages for American workers".

Since he was elected, Trump has often claimed credit for the stock market's big gains.

During the first 12 months of his office, the president couldn't stop talking about the stock market.

The stock market has seen a volatile few days recently, plunging more than 1,000 points Monday, then rebounding to above 25,000 early Wednesday.

The Dow Jones industrial average, after an initial drop of 127 points, was up as much as 261 points in early trading.

The Dow closed at 24,346.13, down 4.6%, having at one point plummeted almost 1,600 points to hit a session low of 23,923.88.

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