Trump celebrates market rebound a day after saying it was 'taking a pause'

President Trump’s stocks-focused tweets keep coming.

On Wednesday, Trump praised Tuesday’s 400-plus point rebound in the Dow Jones Industrial Average (^DJI) and pointed to “great” earnings from companies.

Just 24 hours earlier on Tuesday, Trump stated that the stock market was “taking a pause” as investors weigh the looming midterm elections. He also urged people not to vote for Democrats if they want to keep the bull market going.

“If you want your Stocks to go down, I strongly suggest voting Democrat,” Trump said in the tweet. “They like the Venezuela financial model, High Taxes & Open Borders!”

RELATED: Trump rallies in Illinois after Pa. synagogue shooting

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Trump rallies in Illinois after Pa. synagogue shooting
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Trump rallies in Illinois after Pa. synagogue shooting
President Donald Trump speaks during a rally at Southern Illinois Airport Saturday, Oct. 27, 2018, in Murphysboro, Ill. (AP Photo/Jeff Roberson)
President Donald Trump gestures to the audience as he departs a rally at Southern Illinois Airport in Murphysboro, Ill., Saturday, Oct. 27, 2018. (AP Photo/Andrew Harnik)
Supporters hold up signs as President Donald Trump speaks during a rally at Southern Illinois Airport Saturday, Oct. 27, 2018, in Murphysboro, Ill. (AP Photo/Jeff Roberson)
President Donald Trump waves as he leaves the stage after speaking to supporters during a rally at Southern Illinois Airport Saturday, Oct. 27, 2018, in Murphysboro, Ill. (AP Photo/Jeff Roberson)
President Donald Trump speaks during a rally at Southern Illinois Airport Saturday, Oct. 27, 2018, in Murphysboro, Ill. (AP Photo/Jeff Roberson)
President Donald Trump pauses while speaking at a rally at Southern Illinois Airport in Murphysboro, Ill., Saturday, Oct. 27, 2018. (AP Photo/Andrew Harnik)
A member of the audience wears a shirt that reads "Proud to Be A Trump Deplorable" as President Donald Trump speaks at a rally at Southern Illinois Airport in Murphysboro, Ill., Saturday, Oct. 27, 2018. (AP Photo/Andrew Harnik)
President Donald Trump speaks at a rally at Southern Illinois Airport in Murphysboro, Ill., Saturday, Oct. 27, 2018. (AP Photo/Andrew Harnik)
Children in the audience listen as President Donald Trump speaks at a rally at Southern Illinois Airport in Murphysboro, Ill., Saturday, Oct. 27, 2018. (AP Photo/Andrew Harnik)
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When it comes to earnings, Trump is correct.

Nearly half of S&P 500 companies have reported results so far for the latest reporting season. Of these, 77% clocked better-than-expected earnings per share, according to FactSet. Third quarter earnings are up 22.5% year-over-year.

On Wednesday alone, General Motors (GM), Estée Lauder (EL), Anthem (ANTM) and Clorox (CLX) posted better-than-expected quarterly results.

Still, the Dow is down almost 6% for October and has gained only 1.5% so far this year, as investors grapple with rising interest rates and increasing trade tensions with China.

Scott Gamm is a reporter at Yahoo Finance. Follow him on Twitter @ScottGamm. Follow Yahoo Finance on TwitterFacebookInstagramFlipboardLinkedIn, and reddit.

More from Scott:

Trump attributes market volatility to midterm elections in new tweet

How the S&P 500 could roar to 3,000 by year-end

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