Trump attributes market drop to Democrats' midterm gains
Tech stocks fell after U.S. voters handed Democrats sweeping congressional wins, with investors fearing limits on AI growth.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Trump blamed Democrats' midterm wins for a sharp Wall Street sell-off, posting on Truth Social. Tech stocks tumbled as investors worried Democrats would curb AI growth. Trump later said voters only had themselves to blame, a day after taking credit for a market bounce.
Why it matters
Tech stocks fell on investor fears that Democrats will curb AI growth. Reports link the sell-off to the victories of candidates favoring AI regulation.
Timeline
- Nov 5, 7:23 PM ET: Trump blamed Democrats for the stock market drop.
- Nov 5, 10:07 PM ET: Trump said voters only had themselves to blame for the stock market rout, a day after taking credit for a bounce.
Coverage
- Trump says he’s open to working with Democrats, but blames them for market turmoil (foxbaltimore.com)
- Trump on stock market losses: ‘You only have yourselves to blame’ (The Hill)
- Trump Pins Stock Market Crash on Voters (newser.com)
- Midterm Elections Yield a Dubious Surprise for the Trump Bull Market -- Is a Stock Market Crash Imminent? (fool.com)
- Trump pins US stock market plunge on Democrats wiping out GOP in midterms: 'Sad thing to watch!' (New York Post)
- Trump Blames Voters For Stock Market Rout, Day After Taking Credit For Bounce (Yahoo News)
- Trump blames stock market nose-dive on Dems’ midterm victories — and this gripe is actually accurate (The Independent)
- Nasdaq enters correction after AI stock sell-off
- Tech stocks slump as AI selloff hits Wall Street after midterms
- AI stock selloff wipes out $2.3 trillion as investors rethink tech
- Tech stocks slide as AI selloff follows Democratic midterm wins
- Bitcoin falls below $76,000 after AI-led tech selloff
- Tech stocks slide as midterm results fuel AI selloff fears
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