Trump Blames Democrats’ Midterm Wins for Market Selloff

President Donald Trump attributed Thursday’s sharp U.S. stock-market selloff to Democrats’ victories in the November 3 midterm elections, telling voters on Truth Social that they had themselves to blame. The losses followed a market rally the day after the election, but the reports do not establish the election result as the cause of the decline. The Dow Jones Industrial Average fell 1,833 points, or 3.44%, on Thursday. The S&P 500 dropped 4.36%, and the Nasdaq Composite fell 5.52%, its steepest percentage decline since April 2025, according to the reports. The Nasdaq closed at 24,315 and entered correction territory, more than 10% below its October record high. Trump also said the decline had reduced Americans’ retirement savings and urged investors not to fear, predicting that markets would become bigger and stronger. In separate Truth Social posts, he called the day one of the worst in history and wrote that the selloff occurred because Democrats had a “big Tuesday.” His explanation was an assertion; the market figures alone do not show that the election caused the losses. Market commentary pointed to investor concerns about possible Democratic-led restrictions on...