Trump blames poll results for stock market plunge

US President Donald Trump blamed Democratic Party's victory in the 2026 midterm elections for a significant drop in the stock market, urging investors to stay calm and predicting that the markets would soon grow even bigger and stronger. In a post on Truth Social, Trump described the decline as one of the worst ever, claiming that it negatively impacted Americans' retirement savings, including their 401(k) accounts.

The Stock Market experienced one of the worst days in history due to the election results, with market participants witnessing substantial losses. The Dow Jones Industrial Average fell by 3.44%, the S&P 500 dropped by 4.36%, while the Nasdaq Composite plummeted 5.52%, closing at 24,315.00. Market experts noted that the sell-off was primarily driven by investor concerns over Democrats introducing stricter regulations on artificial intelligence and data centres.

The market volatility also came amid a significant political shift in Washington, with Democratic control of both the House of Representatives and Senate anticipated. The outcome of the election, coupled with uncertainty over future economic and technology policies, has put Wall Street under renewed pressure as investors evaluate the political and financial implications of the shifting balance of power in Congress.