Trump Blames Democrats’ Midterm Wins for US Market Sell-Off

Donald Trump blamed the US stock market’s sharp Thursday decline on Democrats’ strong showing in the midterm elections. He made the claim in a post on Truth Social after markets closed. Analysts pointed instead to investor concerns about major technology investments. The tech-heavy Nasdaq recorded its steepest single-day percentage loss since April 2025, amid fears that incoming lawmakers could scrutinise or slow AI data-centre projects. Those projects have also faced criticism over their energy and resource use.

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