The Dow Jones Industrial Average on Monday plunged below the 25,000 threshold it had shattered just four weeks ago.

The Dow closed at a record high of 26,616 two weeks ago, but the market has taken a nosedive in the last two market days. The market dropped 666 points Friday, and fell another 1,100 points Monday, to close below 24,400.

As President Trump Donald John TrumpHR McMaster says president's policy to withdraw troops from Afghanistan is 'unwise' Cast of 'Parks and Rec' reunite for virtual town hall to address Wisconsin voters Biden says Trump should step down over coronavirus response MORE delivered a speech Monday afternoon in Ohio to tout the benefits of Republican tax cuts, CNN, MSNBC and Fox News all broadcast his remarks with a graphic of the Dow’s dropping numbers in the corner.

.@POTUS on tax reform: “At the heart of our plan is tremendous relief for working families and for small businesses.” pic.twitter.com/hfuB7F7f4S — Fox News (@FoxNews) February 5, 2018

Trump and several administration officials have frequently touted the record-setting stock boom set off by the 2016 presidential election. As the Dow added more than 6,000 points over his first year, Trump routinely took credit for the booming market and improving economy.

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The White House told CNBC on Monday, “We’re always concerned when the market loses any value, but we’re also confident in the economy’s fundamentals.”

Investors are selling stocks in part because of signs of a strengthening economy, which many think will lead the Federal Reserve to raise interest rates.

Updated at 5:40 p.m.