Trump Claims US Stock Market Lost $3trn After Republicans’ Midterm Defeat
United States President Donald Trump has claimed that the country’s stock market lost $3 trillion in value following the Republican Party’s defeat in the November 3 midterm elections.
Trump made the claim during a recent interview that has circulated widely on social media platform X.
The Democrats defeated Trump’s Republican Party in the elections, securing majority seats in both the House of Representatives and the Senate.
Reacting to the outcome, Trump suggested that investors worldwide were unhappy with the Democrats’ victory, linking their reaction to the reported $3 trillion decline in the market’s value.
He, however, assured Americans that there was no cause for concern, insisting that the market had since recovered.
“Has anyone noticed that immediately after the Election the Stock Market lost $3 trillion in value? In other words, investors throughout the world hated seeing what took place on election day,” he said.
Trump’s comments come amid concerns over the economic implications of the Democratic victory and its potential impact on his administration’s policies.
The November 5 market sell-off followed an initial post-election rally, with technology and semiconductor stocks recording significant losses. Investors were particularly concerned about possible tighter regulations on artificial intelligence and data centre investments.
