Trump: US stocks are witnessing “one of their worst days” because of the Democrats
Nasdaq is entering correction range after its worst daily performance since April 2025
Quick Look
US President Donald Trump held Democrats responsible for the massive sell-off in the stock market, as the Nasdaq index fell by 5.52% and entered the correction range, while the S&P and Dow Jones indices recorded their worst daily performance since April 2025.
AI-generated summary
Why It Matters
The heavy sell-off in the US stock market came after the gains made by Democrats in the midterm elections, as investors evaluate whether these gains may slow the massive expansion in data centers, which is the primary driver of growth in the technology sector and the US economy.
US President Donald Trump held Democrats responsible for the heavy sell-off in the stock market on Thursday, which came in the wake of the party's gains in the midterm elections.
Trump wrote in a post on his “Truth Social” platform: “The stock market witnessed one of its worst days in history based on the election results. It is very sad. It took a tremendous effort to bring us to an unprecedented level, and then this happened. As a result, the value of your retirement accounts decreased,” and he stressed that “the market will recover” under his leadership.
Trump added: “Remember, it was not the Republicans who caused it, it was the foolish Democrats, but do not worry; one way or another, we will soon be back, bigger and stronger than ever.”
The Nasdaq Composite Index, which includes major technology companies, fell by 5.52%, as investors assessed whether the gains of Democrats in the midterm elections might lead to a slowdown in the significant expansion of data centers - the primary driver of growth in the technology sector, which in turn contributed to driving the American economy as a whole.
The Nasdaq index ended today’s trading in the “correction” range, as it fell by more than 10% from the highest record level it recorded on October 6.
The selling wave extended to include the market as a whole. The S&P and Dow Jones indices also recorded their worst daily performance since April 2025.
What to Watch
AI outlook — possibilities, not facts
The stock market will recover under Trump
Possible · Within weeks
Open Questions
- What measures will the Trump administration take to restore investor confidence?
- Will the selling wave continue in the coming sessions?
- What is the long-term impact of the midterm election results on the technology sector?
