Biden slams Trump as he touts record high Dow Jones surpassing 40,000

US President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, DC on October 6, 2023.

Kevin Dietsch | Getty Images

President Joe Biden's campaign has ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on Thursday.

“The toughest news yet for the only man in America who advocates crashing the economy because he thinks it will help him politically,” said Michael Tyler, Biden's campaign director. “Donald Trump promised the stock market would crash if Joe Biden was elected. Instead, Joe Biden has broken economic records across the board.”

The Dow's milestone comes as Biden is effectively tied with Trump nationally in the polls, with the former president on trial in New York.

Biden's camp is pushing to use the historic moment for the Dow Jones as a way to advertise what it sees as a strong economy, unlike when Trump was president.

Trump used a similar tactic when he was in power. After the Dow Jones reached 30,000 points in 2020, Trump held a press conference at the White House to tout the milestone.

Read more CNBC market news

Former US President and Republican presidential candidate Donald Trump attends the trial at the Manhattan Criminal Court in New York City, US on May 16, 2024.

Steven Hirsch | Via Reuters

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