It's no secret President Donald Trump tracks the stock market almost constantly. In many ways, he views the Dow as a real-time report card on his presidency.
Yet Trump is expressing confidence, at least outwardly, about the market despite staggering losses suffered in recent weeks.
"The markets are going to be just fine," Trump told reporters Thursday at the White House.
His comments came after Wall Street experienced such severe selling that the New York Stock Exchange halted trading for 15 minutes Thursday, the second market timeout in four days.
The S&P 500 plummeted into bear market territory after Trump announced a travel ban with Europe. If the index closes there, it would mark the end of the 11-year bull market.
The market plunge has been driven by fears that the coronavirus pandemic will set off a recession. Trump is urging lawmakers to quickly enact a stimulus package of tax cuts and other assistance aimed at limiting the economic damage.