'It Wasn't Republicans': Trump Blames Democrats' Midterm Win For Wall Street Bloodbath

News world 'It Wasn't Republicans': Trump Blames Democrats' Midterm Win For Wall Street Bloodbath

'It Wasn't Republicans': Trump Blames Democrats' Midterm Win For Wall Street Bloodbath

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Last Updated: November 06, 2026, 06:44 IST

Trump called the market decline as "one of the worst in history" and claimed that the election results had hit Americans' retirement savings.

3 Quick Answers

US President Donald Trump speaks at the construction site of the East Wing ballroom at the White House in Washington, DC, on November 4. (AFP photo)

US President Donald Trump has blamed the Democrats’ sweeping midterm victories for a sharp fall in the US stock market, urging investors not to panic and promising that markets would soon become “bigger and stronger than ever before".

In a post on Truth Social on Friday, Trump called the market decline as “one of the worst in history" and claimed that the election results had hit Americans’ retirement savings.

“The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch!" he wrote.

Blaming the Democrats, Trump added, “Remember, it wasn’t Republicans, it was Dumocrats."

He also sought to reassure investors, saying: “Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE."

In a separate post shortly afterwards, Trump again linked the market crash to the Democratic victories, writing: “The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!"

Wall Street Suffers Sharp Sell-Off

US markets witnessed a major sell-off on Thursday. The Nasdaq Composite dropped 5.52% to close at 24,315, entering correction territory. The S&P 500 fell 4.36% to 7,353.73, while the Dow Jones Industrial Average lost 1,833 points, or 3.44%, to settle at 51,523.06.

The fall wiped out the previous day’s gains, with S&P 500 companies losing around $2.9 trillion in market value and Nasdaq-listed firms shedding nearly $2.5 trillion.

Why Did US Stocks Fall?

Investor concerns over possible Democratic-led restrictions on artificial intelligence development and data centre projects reportedly added to the pressure on technology stocks.

The sharp decline came a day after Wall Street rallied following the Democrats’ victories in the November 3 midterm elections. The Dow had gained more than 1,000 points on Wednesday, while the Nasdaq and S&P 500 also ended higher.

The election results are expected to give Democrats control of both chambers of Congress, allowing them to step up scrutiny of Trump’s administration, influence legislation and challenge his policy decisions.

(With inputs from ANI)

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Quick Answers Powered by Ask News18 What caused the sharp Wall Street sell-off following the midterm elections? US stocks plummeted after the midterm elections due to investor concerns over potential Democratic-led restrictions on artificial intelligence development and data centre projects. How did major US stock indices perform during the market crash? The Nasdaq Composite dropped 5.52% to enter correction territory, the S&P 500 fell 4.36% losing about $2.9 trillion in market value, and the Dow Jones Industrial Average lost 1,833 points, or 3.44%. Who did President Donald Trump blame for the historic stock market decline? President Donald Trump blamed the Democrats and their sweeping midterm victories for the sharp stock market fall, claiming the election results severely impacted Americans' retirement savings. Powered by Ask News18

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First Published: November 06, 2026, 06:44 IST

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