The Biden administration is watching the stock market and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. “The stock market, as you’ve heard us say many times, is just one measure of the economy,” said press secretary Karine Jean-Pierre. “We are watching, always watching, these different indicators closely, including the stock market,” she told reporters at a daily briefing. Jean-Pierre added that laws signed by Biden including the Inflation Reduction Act are designed to ensure that “we don’t leave anybody behind.” Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- Walgreens to start selling over-the-counter hearing aids this month - October 6, 2022
- Apollo, Sixth Street not part of of Elon Musk’s Twitter debt deal: Reuters - October 6, 2022
- Constellation Brands shares pop 2.6% premarket after earnings blow past estimates - October 6, 2022