Trump Blames Democrats for Stock Market Decline
President Donald Trump blamed Democrats' midterm election victories for a sharp US stock market decline, calling it "one of the worst in history" and claiming it hurt Americans' retirement savings. In Truth Social posts on Friday, Trump wrote "it wasn't Republicans, it was Dumocrats" and urged investors not to fear, promising markets would become "bigger and stronger than ever before." The Nasdaq fell 5.52%, the S&P 500 dropped 4.36%, and the Dow lost 1,833 points on Thursday, erasing $2.9 trillion in S&P 500 market value. Investor concerns over potential Democratic restrictions on artificial intelligence and data centre projects pressured technology stocks. The decline followed Wednesday's rally after Democrats' November 3 victories, which are expected to give them control of both congressional chambers.