Trump blames Democrats for one of stock market's worst days

US President Donald Trump blamed Democrats for Thursday's heavy stock market selloff following the party's gains in the midterm elections, calling it one of the worst days in market history. Trump wrote on Truth Social that the market decline resulted from election outcomes, saying retirement accounts fell but that the market would recover under his leadership. He asserted Republicans were not responsible, calling Democrats "stupid" while promising the nation would return stronger. The Nasdaq composite fell 5.52% into correction territory, down over 10% from its October 6 record high, as investors weighed whether Democratic gains could slow data center expansion. The S&P 500 and Dow Jones also posted their worst daily performance since April 2025.