Trump says voters should blame themselves for stock market rout
· axios.com · popularity 64/100 · 0 similar stories today · Personal Finance & Investing (Money, Markets & Investing)
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Summary
President Trump said Thursday night that voters had themselves to blame for the stock market's historic sell-off . Why it matters: Two days after Republicans lost the midterm elections in historic fashion, the president is lashing out at the voters who rejected his candidates and message. Driving the news: Stocks plunged Thursday, with the tech-heavy Nasdaq sinking more than 5% as AI-linked stocks sold off. Investors are skittish about the future for AI development — and the data centers that power the technology — after Tuesday's blue wave ushered in candidates who campaigned on restricting AI. What he's saying: " The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!" Trump posted to Truth Social. The intrigue: Thursday's plunge was an unusually delayed reaction — the market actually had a massive rally Wednesday as the initial election results became apparent. Trump was quick to claim credit at the time for the conditions that led to those market highs. What to watch: Stock futures were down again in pre-market trading late Thursday, and Asian markets were broadly lower as well, pointing to the potential for another rough day Friday.
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