Trump blames Democrats for $3 trillion US stock market loss after 2026 midterms

Detailed summary

Donald Trump claimed that the US stock market lost nearly $3 trillion after Democrats’ midterm victories, arguing investors reacted negatively.

US President Donald Trump has claimed that the American stock market lost $3 trillion in value following the November 3 midterm elections, blaming the decline on investors' reaction to Democratic victories, while asserting that markets have since recovered.

In a post on his Truth Social platform, Trump questioned whether investors had reacted negatively to the election results, in which Democrats secured control of both chambers of Congress.

“Has anyone noticed that immediately after the Election the Stock Market lost 3 Trillion Dollars in Value? In other words, Investors throughout the World hated seeing what took place on Election Day,” Trump wrote.

“But have no fear, the Market has since gone up, and America will soon be GREATER THAN EVER BEFORE!” he added.

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US markets experienced significant volatility in the days following the elections. On November 4, the Dow Jones Industrial Average rose 3%, while the S&P 500 gained 1.6%, as investors initially responded to the election results.

However, the gains were reversed on November 5, when the Dow fell 3.4%, the S&P 500 dropped 4.4% and the Nasdaq Composite declined 5.5%, according to a Bloomberg report.

The sell-off wiped out nearly $3 trillion in market value across major US stocks. The Nasdaq 100 alone lost $2.3 trillion, according to Bloomberg.

Technology stocks were among the biggest losers, with investors concerned that newly elected Democrats could push for tighter restrictions on artificial intelligence development and data centre construction. Weak forecasts from chipmakers Qualcomm and Arm also added to the pressure on technology shares.

Opening of the article, excerpted from Hindustan Times. To read the rest, open the article on the publisher's site.