Stocks plunge as Dem midterm sweep fuels AI regulatory concerns
- 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.
199 Articles
199 Articles
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.
Global markets undergo a historic correction on technological values after the Democrats won the mid-term elections in the United States The actions of the giants of the
Trump blames Democrats' midterm victories for stock market plunge
US President Donald Trump attributed Thursday’s stock market freefall to the electoral victory of his rival Democratic Party in midterm elections earlier this week. Read More: https://punchng.com/trump-blames-democrats-midterm-victories-for-stock-market-plunge/
PRESS REVIEW. Following the results of the mid-term elections, the indices of the technological giants collapsed on the stock market, with investors fearing that several elected officials will execute their promise. But the road is still long before a regulation of the C-sector is a plunge of $3200 billion. On Thursday, the actions of the US technology giants, linked to artificial intelligence and semiconductors, have suffered a dizzying fall in…
Donald Trump promised a stock market recovery but without explaining how this will happen The post Trump: The stock market drop is due to the victory of the Democrats – We will recover appeared first on in.gr.
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