Stocks plunge as Dem midterm sweep fuels AI regulatory concerns
Investors fled AI and chip names as Democrats’ sweep raised fears of tougher regulation and slower data-center growth, with retail traders selling $1.3 billion, JPMorgan data showed.
- On Wednesday, President Donald Trump celebrated record stock-market gains, one day after voters handed Democrats control of both chambers of Congress—an outcome he had repeatedly warned would trigger economic disaster.
- The Dow Jones Industrial Average jumped more than 1,500 points Wednesday, its best day since April 2025, as analysts cited expectations of divided government, lower oil prices, and reduced concerns about Iran war escalation.
- In midday trading Thursday, the Nasdaq Composite dipped about 4 percent and fell more than 10 percent below October records. Investors stepped back over concerns that Democratic control could slow semiconductor buildout.
- Trump indicated he would accept election results and work with Democrats, despite warning voters on October 26 that a Democratic victory would produce a "1929-style economic depression." He claimed the Wednesday gains proved his economic success.
- Following the midterm losses, the president distanced himself from the Republican Party's performance, blaming specific candidates and Fox News. The Democratic Party now controls both the House of Representatives and the Senate.
219 Articles
219 Articles
Tesla -10 percent, Space X -8, Palantir -9, Amazon -3, Apple -1.5 percent. The thermometer of the midterm elections
Lietuvos Radijas ir Televizija
lrytas.ltUS President Donald Trump on Thursday blamed the sharp decline in stock markets on the victory of his Democratic rivals in this week's midterm elections.
US President Donald Trump blamed the Democrats for Thursday's stock market crash. According to the president, due to the result of the midterm elections, the retirement savings of Americans also suffered significant losses. Against the backdrop of the market panic, however, concerns about the AI sector also played a decisive role.
Trump blames Democrats’ midterm wins for US stock market plunge
US President Donald Trump has blamed the stock market’s sharp decline on the electoral victories recorded by the opposition Democratic Party in the midterm elections earlier this week. Trump made the accusation on Thursday in a post on his Truth Social platform, following a sharp selloff in US equities. “The Stock Market crashed today because […]
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