Business & Finance

Trump Blames Democratic Midterm Victory for Stock Market Decline

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Trump Blames Democratic Midterm Victory for Stock Market Decline
Photo: President Donald Trump speaks after signing an executive order in the Oval Office of the White House on Nov. 5, 2026, in Washington. File | Photo Credit: AP

U.S. President Donald Trump said Thursday’s (November 5, 2026) stock market selloff was caused by the Democratic Party’s victory in the midterm elections on Tuesday (November 3, 2026). “The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!” Mr. Trump posted on his Truth Social platform after the markets closed. Analysts said the drop was driven by concerns that Democrats might curb the AI data‑centre investment boom, with the tech‑focused Nasdaq recording its worst percentage decline since April 2025. Data centres have faced broad opposition from U.S. voters regardless of party, and many midterm winners have pledged to slow such projects. Published – November 06, 2026 11:05 am IST

Frequently asked questions

What did Donald Trump say about the stock market decline?

Trump blamed the Democratic Party’s victory in the midterm elections for the selloff, saying the market crashed because "the Dumocrats had a big Tuesday."

What were analysts' reasons for the market drop?

Analysts said the drop was driven by concerns that Democrats might curb the AI data‑centre investment boom, with Nasdaq recording its worst percentage decline since April 2025.

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