Trump (correctly) points finger at Democrats for stock market plunge during blue tsunami: Live updates
US stocks plummeted on fears of tighter AI and data center oversight after Democrats' sweeping midterm victories. Trump pointed finger at Democrats, saying voters should blame themselves for the stock market rout. The Dow Jones fell 1,833 points, with the Nasdaq 100 sinking 6.4%, its worst session since March 2020.
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- ✓ Trump blames Democrats for the stock market plunge after their sweeping midterm victories.
- ✓ The Dow Jones fell 1,833 points on the day of the stock market plunge.
- ✓ The Nasdaq 100 sank 6.4%, its worst session since March 2020.
- ✓ Trump said voters should blame themselves for the stock market rout.
What changed
Trump's comments on the stock market plunge have been widely reported, with multiple sources citing his blame on Democrats for the market losses.
Live updates
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Trump blames Democrats for US stock market plunge
US stocks plummeted on fears of tighter AI and data center oversight after Democrats' sweeping midterm victories. Trump pointed finger at Democrats, saying voters should blame themselves for the stock market rout. The Dow Jones fell 1,833 points, with the Nasdaq 100 sinking 6.4%, its worst session since March 2020.
Why it matters
The US stock market experienced its worst day since Covid, with firms losing trillions of dollars in value. The midterm elections saw a blue wave of Democratic victories, sparking fears of policy changes that could impact corporate profits. Trump's comments have added to the narrative that the market is reacting to the shift in political power.
What is confirmed
- Trump blames Democrats for the stock market plunge after their sweeping midterm victories.
- The Dow Jones fell 1,833 points on the day of the stock market plunge.
- The Nasdaq 100 sank 6.4%, its worst session since March 2020.
- Trump said voters should blame themselves for the stock market rout.
Still unconfirmed
- Trump mentioned Americans' 401(k) losses have dropped as a result of the market plunge.
What to watch next
- Further market reactions to the midterm elections
- Potential policy changes under Democratic leadership
- Trump's continued comments on the stock market and Democrats
confidence 85%Sources used for this update (12)
- Axios — Trump says voters should blame themselves for stock market rout
- The Telegraph — Trump blames Midterms as US stocks plunge on worst day since Covid
- Yahoo Finance — Trump Points Finger at Democrats Over Massive Market Losses
- Fox Business — Trump blames Democrats for stock market plunge after sweeping midterm victories
- The Independent — Trump (correctly) points finger at Democrats for stock market plunge during blue tsunami: Live updates
- Politico — ‘Total bloodbath’: Democrats‘ sweeping wins rock Wall Street over AI fears
- BBC — Global tech stocks plunge amid AI slowdown fears - live updates
- NBC News — Stocks tumble as midterms fuel AI fears and judge halts Trump’s D.C. arch: Morning Rundown
- nypost.com — Trump pins US stock market plunge on Democrats wiping out GOP ...
- finance.yahoo.com — Trump blames Democrats after stock market plummets: ‘You only ...
- www.foxbusiness.com — Trump blames Democrat midterm wins for stock market drop and ...
- www.hindustantimes.com — ‘Such a sad thing to watch’ Donald Trump points finger at ...
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