Morning Briefing: The stock markets are suffering from Trump withdrawal

The Democrats' victory in the US midterm elections may be a blessing for political culture, but this is not so unconditional for the economic outlook. And the tech sector is feeling this first. No industry has entered into such a close alliance with Donald Trump as this one, no one has benefited as much as the tech and AI companies - and no other industry is now under as much pressure. The shares of listed tech companies fell across the board yesterday in the USA.

The Nasdaq technology exchange index fell by 5.5 percent, the Dow Jones by 3.4 percent, and the market-wide S&P 500 by 4.4 percent. Chip manufacturers in particular lost a good nine percent, Nvidia, giving up all of the year's profits.

It seems as if the stock markets are suffering from Trump weaning - and the fear that the Democrats could significantly slow down the expansion of the infrastructure for AI and regulate AI development more closely. However, there were also other reasons for yesterday's stock market crash hidden behind the striking election results: The outlook for chip manufacturers Qualcomm and Arm was disappointing. And for the analysis house Kobeissi, the price losses are also the result of credit-financed bets: