Trump Blames Democrats' Victory In Midterm Elections For US Stocks Fall
Analysts said tech and semiconductor shares drove the drop, with the Nasdaq falling 5.52% and entering correction territory.
- On Thursday, the Nasdaq Composite plunged 5.52% to 24,315, marking its worst session percentage-wise since April 2025 and pushing the tech-focused index into correction territory.
- President Donald Trump attributed the market's freefall to Democratic Party electoral victories earlier this week, posting on Truth Social: 'The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!'
- Nvidia fell 9.3% and the Philadelphia Semiconductor Index lost 12.2%, its steepest one-day decline since April 2025, as technology shares led the downturn across Wall Street.
- Analysts linked the market decline to fears of tighter regulation and potential restrictions on data-center construction following midterm results, as broader questions about artificial intelligence investment weighed on sentiment.
- Americans with significant technology exposure likely experienced larger declines than those with diversified portfolios, though a single trading session does not establish permanent losses for retirement accounts.
23 Articles
23 Articles
Trump Takes Credit for Stock Market Surge After Democrats Win, Then Blames 'Dumocrats' for Market Plunge a Day Later
Donald Trump blamed Democrats for Wall Street's sell-off after celebrating a post-election rally, but falling technology and semiconductor shares offered a more complex explanation.
US President Donald Trump said people who voted Democrat could be responsible for the decline in US stocks. He wrote it on the Truth Social network. In Tuesday's congressional elections, the Democratic Party overwhelmingly controlled both the elections to both houses of Congress and the gubernatorial ones. US stocks, meanwhile, experienced their biggest slump in 18 months.
American stock indices collapsed on Thursday, with Nasdaq losing more than 5% and ending the bidding with a record drop from April 2025.
On Thursday, November 5, the Nasdaq had the worst session since April 2025: the Composite Index lost about 5-5.6%, the Nasdaq 100 over 6% and semiconductors up to 11.1%, while the Dow Jones traded over 1,800 points. According to analysts, the fears are that the victory of Democrats in the elections of... Read More US Elections, Wall Street collapses: because European Bags also shake The article US Elections, Wall Street collapses: because Europe…
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