Trump blames Democrats winning midterms for US stocks' fall
America
By
AFP
| Nov 06, 2026
US President Donald Trump speaks in the Oval Office of the White House, Washington, DC, on November 5, 2026. [AFP]
US President Donald Trump attributed Thursday's stock market freefall to the electoral victory of his rival Democratic Party in midterm elections earlier this week.
"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 his Truth Social platform after US markets closed for the day.
Analysts attributed Thursday's stock selloff to fears of Democrats threatening the AI data center investment boom, with the tech-focused Nasdaq suffering its worst session percentage-wise since April 2025.
Data centers have faced broad opposition from US voters regardless of political affiliation, and many midterm winners have pledged to put the brakes on such projects.
READ MORE
Tea factories under KTDA net Sh 968 million at the Mombasa Tea auction
Vihiga County steps up digital push to improve service delivery
Banks take digital banking race into investment, wealth creation
Nairobi summit seeks to unlock global capital and African market deals
Faulu eyes more business after system revamp
Why macadamia export window fell short of target
From fence posts to a plastic dhow: Coast groups turn waste into wealth
Data fails to link Ruto claim on housing jobs with milk shortage
How corruption keeps power bills high, hurt households
Decade of tea sector reforms leaves farmers with bitter taste