Bessent Exposes Media Lies About April’s Stock Market Performance [WATCH]

Treasury Secretary Scott Bessent criticized media coverage of the stock market during an appearance on ABC’s This Week with Martha Raddatz on Sunday, accusing outlets of pushing misleading narratives about the economy under President Donald Trump’s administration.

During the interview, Bessent addressed recent reports that had painted a grim picture of the stock market’s performance in April, suggesting that coverage had failed to keep pace with actual market recovery.

“When I look at some of the things that are being published, there was a story 10 days ago that said, This is the worst April for the stock market since the Great Depression,” Bessent said.

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“Ten days later, the Nasdaq is now up in the month of April, and I haven’t seen a story that says, Oh, stock market has biggest bounce back ever.”

Raddatz responded by saying, “It certainly has gone back and forth,” but Bessent pushed back, emphasizing that he believed the negative reporting was “media-driven.”

According to market data, the NASDAQ stood at 19,278 at the close of trading on March 31, 2025.

By Friday, April 25, 2025, the NASDAQ had risen to 19,432, marking an overall gain for the month despite ongoing concerns over President Trump’s tariff policies.

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The positive performance of the NASDAQ contradicted earlier reports that warned of historic declines.

Those initial reports had compared April’s early volatility to the Great Depression, but the subsequent rebound has largely gone unreported by the same outlets that initially sounded the alarm.

Bessent’s comments highlighted a broader criticism from the Trump administration regarding the media’s portrayal of economic conditions.

The administration has consistently argued that media outlets have downplayed positive developments while amplifying negative news to undermine public confidence in President Trump’s economic policies.

Despite Bessent’s factual correction, Raddatz maintained that market fluctuations were normal, describing the market as going “back and forth.”

.@SecScottBessent: “There was a story ten days ago that said this is the worst April for the stock market since the Great Depression. Ten days later, the Nasdaq is now up on the month of April, and I haven’t seen a story that says ‘stock market has biggest bounce back ever.’” pic.twitter.com/gbU68ocKV8

— Rapid Response 47 (@RapidResponse47) April 27, 2025

However, market data showed a consistent upward trajectory throughout the latter half of April, with gains in several sectors, including technology and manufacturing.

Secretary Bessent did not elaborate further on specific examples of misleading coverage but reiterated that the administration would continue to highlight factual economic indicators directly to the American people.

The White House has pointed to strong stock market performance, low unemployment rates, and resilient consumer spending as evidence that President Trump’s economic policies are succeeding, even in the face of international trade disputes and tariff adjustments.

As the administration prepares for the upcoming fiscal reporting periods, officials have indicated they will continue pushing back against what they characterize as incomplete or biased media coverage, particularly on economic matters critical to American voters.

No retractions or corrections have been issued by major media outlets regarding earlier claims about April’s stock market performance as of Sunday.

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