Trump blames market crash on Democratic midterm wins

business-standard.com —

President Donald Trump blamed Democratic midterm election victories for a sharp US stock market decline, calling it one of the worst days in history while assuring investors markets would recover. The Nasdaq fell 5.52%, the S&P 500 dropped 4.36%, and the Dow plunged 1,833 points, erasing about $2.9 trillion in S&P 500 market value. Investor concerns over potential Democratic restrictions on AI development contributed to the sell-off. The decline followed a rally after Democrats projected to win both chambers of Congress, which would increase scrutiny of Trump's administration and influence over legislation and nominations.


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