Trump Blames Democrats for Market Plunge

On Thursday, the Dow Jones Industrial Average dropped by about 1,200 points, erasing most of the gains from the previous day when it had surged more than 1,500 points following midterm election results. The S&P 500 and Nasdaq also declined significantly, with losses of 3.2% and 4.8%, respectively.

Tech and AI stocks, including SpaceX, plummeted following Democrats' victories in the U.S. midterm elections. The Nasdaq Composite fell over 5% at one point as concerns grew about potential regulatory scrutiny of data centers and AI industries in key states like Texas, where Governor-elect Gina Hinojosa pledged a moratorium on new data center construction. SpaceX shares dropped more than 7%, while Tesla saw a…

On Thursday, the Nasdaq index faced its worst day in 18 months, dropping up to 5%, largely due to fears of increased regulation for the AI industry following recent midterm elections. This decline pushed the tech-heavy index into ‘correction territory’—a drop of more than 10% from its peak—and triggered significant losses across Wall Street and global markets. Notably, chip companies like SanDisk and Western Digital…

US markets dropped significantly on Thursday following Democrats’ midterm election victories, with the Nasdaq down 4.8 percent, S&P 500 falling 3.6 percent, and Dow Jones sliding 2.8 percent. This plunge was largely driven by declines in AI-related stocks after voters in most states backed measures to restrict data center development, according to Data Centers on the Ballot. UBS analysts estimated that these…

Stocks tied to artificial intelligence data centers saw significant losses on Wall Street, causing the S&P 500 to fall by 3.5% in one of its worst drops since April 2025. Key tech companies like Nvidia and Advanced Micro Devices led declines with respective falls of 7.5% and 14.6%. The Australian market is expected to open lower, set for a loss of 0.4%, reflecting global trends but on a less severe scale than the…

On Thursday, stocks related to artificial intelligence data centers experienced significant losses, causing the S&P 500 to fall by 3.5%, marking its worst performance since April 2025. Major tech companies like Nvidia and Advanced Micro Devices saw substantial declines of 7.5% and 14.6%, respectively, amid concerns about potential government regulations following Democratic victories in the U.S. midterm elections…

On Thursday, the tech-heavy Nasdaq dropped 5%, erasing recent gains and entering correction territory. The decline was driven by a chip selloff that spread to other sectors, with Nasdaq 100 stocks losing approximately $1.8 trillion in value. This shift came as Democrats gained significant wins in key states like Texas, Georgia, and Ohio, which together account for about 40% of planned US data center capacity…

The S&P 500 experienced a significant drop of 4.4% on Thursday, marking its worst day since April 2025 when President Trump's "Liberation Day" tariffs caused market turmoil. This sell-off was primarily driven by declines in AI-related stocks due to concerns over potential restrictions on data center construction following Democratic victories in the U.S. midterm elections. Additionally, the Dow Jones Industrial…

After Democrats won significant victories in midterms, fears of increased regulation on artificial intelligence caused tech stocks to plummet by over $2 trillion, with the Nasdaq dropping more than 5%. Investors are concerned about potential restrictions on data centers and further development of AI technology. Companies like Meta, Alphabet, Tesla, and SpaceX saw sharp declines as state-level Democrats also won key…

Stocks experienced a significant decline on Thursday, with the Dow Jones Industrial Average falling by over 1,800 points, or 3.2%. This drop erased recent gains made following the midterm elections, as fears of potential Democratic policies against artificial intelligence (AI) impacted investor confidence. The Nasdaq Composite fell by 5.2%, while the S&P 500 dropped 4.1%, both nearing their worst performance since…

President Trump blamed Democrats’ gains in the midterms on Thursday’s stock market plunge, which saw record single-day losses of $5.4 trillion in combined value from the S&P 500 and Nasdaq indices. The Dow Jones fell by 1,833 points or 3.44%, with the Nasdaq dropping 5.52% and the S&P 500 dipping 4.36%. Trump used his platform to criticize Democrats while expressing optimism about market recovery.

President Donald Trump used his social media platform Truth Social to criticize the recent Democratic gains in the 2026 midterm elections, linking these electoral outcomes directly to current stock market volatility. He stated that voters "only have themselves to blame" for the perceived crash in the market due to Democrats' success at the polls.

Asia’s tech-heavy stock markets declined sharply on Friday following a steep drop in US stocks, driven by concerns over increased regulatory scrutiny and a potential slowdown in AI development. Japan’s Nikkei fell 7% at the start of trading, while South Korea and Taiwan saw their benchmark indices drop more than 8%. The sell-off wiped $3 trillion off S&P 500 firms as investors worried that Democratic control after…

On Thursday, November 5, 2026, President Donald Trump blamed the Democratic Party's victory in the previous day’s midterm elections for a significant stock market downturn. In a post on Truth Social, he claimed Democrats were responsible for the poor performance of U.S. markets that day. Analysts, however, pointed to concerns over potential restrictions on AI data center investments by newly elected lawmakers as the…