Trump blames Democrats for $3 trillion stock market loss after midterms

President Donald Trump blamed the Democrats' midterm election victory for a $3 trillion stock market loss, calling it a "giant step back in history" while vowing his party would return "bigger and stronger than ever before." In a Truth Social post, Trump cited a one-day market decline despite stocks performing like a "rocketship" under his presidency. He repeated the claim to reporters in Florida, also linking the drop to his stance on Iran's nuclear program, and suggested he might have been more unhappy had the market gained the same amount. Wall Street initially rallied on election news, with the Dow climbing 3% on Wednesday, but stocks lost roughly $3 trillion in value on Thursday, led by tech and AI shares. Market concerns also focused on Democratic campaigns to restrict data centre projects, particularly in Texas, amid worries about electricity grid demands.