Trump says voters should blame themselves for stock market rout
Summary
President Donald Trump said voters were to blame for Thursday’s stock market sell-off, two days after Republicans lost the midterm elections. The Nasdaq fell more than 5% as AI-related shares dropped, while investors weighed the possible effect of newly elected candidates who campaigned to restrict AI.Key Facts
- Trump blamed voters for the market decline in a post on Truth Social.
- Republicans lost the midterm elections on Tuesday.
- The Nasdaq fell more than 5% on Thursday.
- AI-linked stocks sold off during Thursday’s market decline.
- Investors were concerned about the outlook for AI development and the data centers that support it.
- The stock market rallied on Wednesday after initial election results emerged.
- Stock futures fell late Thursday, and Asian markets were broadly lower.
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