Stock market plunge 'big mistake': Trump

US President Donald Trump blames too much good economic news for the US stock market plunge.
US President Donald Trump blames too much good economic news for the US stock market plunge.

President Donald Trump has broken his silence on the stock market.

In a tweet, Trump said "In the 'old days,' when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!"

After a slightly lower open Wednesday, most stocks turned higher within the first few minutes of trading.

Trump has commented frequently on market gains during his tenure, but stayed silent on Monday as the Dow Jones industrial average suffered its biggest one-day drop ever. He did not tweet about the markets on Tuesday.

The government reported on Friday that the economy created 200,000 jobs in January and that wages grew at the fastest pace in eight years.