Trump blames Democrats’ midterm victories for stock market plunge
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Punch Newspaper
Reported by Agency Report
Fri, 6 Nov 2026, 05:36
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Democrats flipped seats that had long been held by Republicans, scoring breakthroughs in South Carolina, North Carolina, Iowa, Kansas, Ohio, Texas and Maine. In Maine, former logger Troy Jackson defeated longtime Republican Senator Susan Collins, the party’s seventh Senate seat captured from Republicans.
Context & Background
✦Talarico, the Texas Democrat, declared he had defeated “Goliath” in winning a Senate seat, while Gina Hinojosa unseated the state’s Republican governor, Greg Abbott, ending decades of Republican rule.
Key Figures & Named Entities
2026:President Donald Trump speaks during a "Steel Across America" event ahead of the 25th anniversary of the September 11th attacks on the Ellipse near the White House on September 08, 2026 in Washington, DC. (Photo by Finn Gomez / GETTY IMAGES NORTH AMERICA / Getty Images via 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.today:“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.Thursday: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.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Democrats flipped seats that had long been held by Republicans, scoring breakthroughs in South Carolina, North Carolina, Iowa, Kansas, Ohio, Texas and Maine.
✦In Maine, former logger Troy Jackson defeated longtime Republican Senator Susan Collins, the party’s seventh Senate seat captured from Republicans.
✦Talarico, the Texas Democrat, declared he had defeated “Goliath” in winning a Senate seat, while Gina Hinojosa unseated the state’s Republican governor, Greg Abbott, ending decades of Republican rule.
Key Facts:2026: President Donald Trump speaks during a "Steel Across America" event ahead of the 25th anniversary of the September 11th attacks on the Ellipse near the White House on September 08, 2026 in Washington, DC. (Photo by Finn Gomez / GETTY IMAGES NORTH AMERICA / Getty Images via 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.today: “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.Thursday: 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 2025.2024: The party’s House victory saw gains across Pennsylvania, Kentucky, Arizona, North Carolina, Wisconsin and New Jersey, including districts Trump had carried comfortably in 2024.
Editorial Excerpt
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.
Frequently Asked Questions About This Story
What is the latest development regarding National Assembly of Nigeria?
Democrats flipped seats that had long been held by Republicans, scoring breakthroughs in South Carolina, North Carolina, Iowa, Kansas, Ohio, Texas and Maine.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include National Assembly of Nigeria.
What timeline or key figures were confirmed?
President Donald Trump speaks during a "Steel Across America" event ahead of the 25th anniversary of the September 11th attacks on the Ellipse near the White House on September 08, 2026 in Washington, DC. (Photo by Finn Gomez / GETTY IMAGES NORTH AMERICA / Getty Images via 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.