Former President Donald Trump has attributed a significant stock market decline to the Democratic Party’s success in the midterm elections. He stated that the market experienced a $3 trillion loss in a single day, which he contrasted with its performance during his presidency.
In a social media post, Trump expressed that America had taken a “giant step back in history” due to the election results. He vowed that his party would return to power “bigger and stronger than ever before.” Trump also linked the market downturn to his administration’s stance on Iran’s nuclear program.
The market experienced a sharp reversal following an initial rally on news of a divided government. While Trump connected the losses to the election outcome, market concerns also focused on the technology sector, particularly data centers. Some Democratic candidates had campaigned on restricting new data center projects due to concerns about their impact on electricity grids.
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Source: timesofindia.indiatimes.com
