Trump blames Democrats’ victory in midterm elections for sharp US stock market fall

U.S. President Donald Trump has attributed Thursday’s sharp stock market decline to the victory of the Democratic Party in the midterm elections earlier in the week.
 

Following the close of U.S. markets on Thursday, Trump posted on his Truth Social platform to link the market drop to the election outcome.
 

"The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!" Trump posted on Truth Social.
 

Market analysts offered a different perspective on the selloff, attributing the decline to investor concerns over the future of big tech investments. Wall Street analysts noted growing fears that incoming lawmakers could impose restrictions on the artificial intelligence data center investment boom, driving the tech-heavy Nasdaq to its worst single-session percentage loss since April 2025.
 

Data center construction projects have drawn widespread public criticism over energy and resource consumption, leading several newly elected midterm candidates to promise legislative slowdowns or increased scrutiny on future developments.