Trump blames Democrats for stock market plunge after GOP midterms rout: 'Your 401(k)s have dropped'
India, Nov. 6 -- US President Donald Trump blamed Democrats for Wall Street's sharp sell-off following the 2026 midterm elections, claiming the market's decline had wiped out gains in Americans' retirement savings, while insisting the economy would soon recover.
In a post on Truth Social on Thursday, Trump described the stock market's performance as one of the worst days in history, attributing the losses to the election results that handed Democrats control of Congress.
"The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch!" Trump wrote, adding that the market had taken considerable effort to reach unprecedented levels before the downturn.
"Your 401(k)s have, theref...
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