Wall Street settles after Trump blames post-election stock slump on voters: Live updates

WorldPolitics
6 Nov 2026 • 11:16 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Wall Street settles after Trump blames post-election stock slump on voters: Live updates

As Democrats continue to add to their “blue tsunami” of midterms wins, President Donald Trump has pointed the finger of blame at the opposition and at the American public for Thursday’s stock market plunge, which has since begun to ease.

The Nasdaq Composite dipped 5.52 percent while the S&P 500 dropped 4.36 percent and the Dow Jones went down 1,833.06 points in response to this week’s resounding election results.

“The Stock Market suffered one of the Worst Days in History based on the results of the Election,” Trump wrote on Truth Social. “Remember, it wasn’t Republicans, it was Dumocrats.”

In a follow-up, he told the electorate: “You only have yourselves to blame!”

With votes still being counted in the Alaska and Mississippi Senate races and beyond, Democrats currently hold a 54 to 44 majority in the Senate and are projected to win 253 seats in the House to the GOP’s 157.

The results come amid a civil war brewing within the Trump administration, with insiders scrambling to assign blame, the president reportedly sounding out advisors on the potential firing of Defense Secretary Pete Hegseth and Secretary of State Marco Rubio reportedly on “resignation watch.”

Read More

Trump blames stock market nose-dive on Dems’ midterm victories – and this gripe is actually accurate

Abdul El-Sayed has already found something he wants to work with Trump on

Fox’s Jesse Watters claims Republicans may never win the White House again if Texas stays Democrat

Texas went so blue Talarico got more early votes than Paxton got in total

Key Points

  • Donald Trump shifts blame for stock market slump to voters
  • Judge blocks Trump’s 250-foot DC arch within an hour of panel of allies approving plans
  • Kaitlan Collins airs brutal montage of Trump endorsing candidates who lost
  • Senior Trump official calls Pete Hegseth firing rumors 'delusional thinking'
  • Midterm election results: Live maps as Mississippi Senate race remains too close to call

Hegseth not even under consideration for Senate role as his possible administration escape hatch closes: report

15:15 , Joe Sommerlad

Prior to the midterms, it was suggested that Pete Hegseth might make a play for Marsha Blackburn’s Tennessee Senate seat, assuming it became vacant when she won her race to become the Volunteer State’s next governor, as a means of escaping angry Democrats on Capitol Hill.

Blackburn did indeed win the governor’s manion, as it happens, but Hegseth is reportedly not in contention to be her replacement after all, leaving him trapped inside the Pentagon – unless Trump fires him.

Rhian Lubin reports.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Hegseth not even under consideration for Senate role as escape hatch closes: report

El-Sayed has already found something he wants to work with Trump on

14:45 , Joe Sommerlad

Senator-elect Abdul El-Sayed has already found something he wants to work with President Donald Trump on – cutting aid to Israel.

The Michigan Democrat, who has been an outspoken critic of Israeli leadership during the war in Gaza, which he calls a genocide, backed Trump’s idea to cut $4 billion in aid to Israel by the end of the year, saying that he would “love to work with him on doing that.”

“I don’t think we should be continuing to subsidize a foreign military that has done the worst things with our money,” El-Sayed told the hosts of MS NOW’s Morning Joe Thursday.

“In fact, I don’t know that we should be continuing to sell weapons to a country that is, again, using our weapons to do awful things.”

Rachel Dobkin has more.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Abdul El-Sayed has already found something he wants to work with Trump on

Texas went so blue Talarico got more early votes than Paxton got in total

14:15 , Joe Sommerlad

Ruby red Texas went so blue during the GOP’s crushing midterm defeat that Democrat James Talarico got more early votes than Republican Ken Paxton got in total.

Talarico defeated Paxton with more than 5.4 million votes in a blue tsunami that hit their state, as well as other reliably Republican states such as Iowa and Kansas.

Paxton got 4,249,373 total votes, including 3,232,667 early votes, according to data from Texas Secretary of State Robert S Howden’s office.

Rachel Dobkin reports.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Texas went so blue Talarico got more early votes than Paxton got in total

Hinojosa says data centers ‘must benefit Texans’

13:45 , Joe Sommerlad

Gina Hinojosa, the new governor-elect of Texas, has told CNN’s Jake Tapper that data centers have a place in her state but only if they benefit the locals and are not foisted upon communities without proper laws and protections in place.

— Acyn (@Acyn) November 5, 2026

Trump’s insistence on their necessity and indifference to the objections raised by rural voters may well have cost Republicans their support this week.

The president has already issued his first threat to Hinojosa, who will succeed Greg Abbott in January, over her border security.

Trump’s DOJ looking at criminal investigation over Supreme Court abortion ruling leak

13:15 , Joe Sommerlad

Federal prosecutors are actively conducting a criminal investigation into the source behind the 2022 leak of the Supreme Court’s decision that overturned federal abortion rights.

Jasmine Fernandez reports.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Trump’s DOJ looking at criminal investigation over Supreme Court abortion ruling leak

The real winners of Tuesday night’s midterms? Influencers live-streaming results

12:45 , Joe Sommerlad

A successful midterms performance for Democrats highlighted an evolving battleground for news consumers, as digital livestreamers like left-leaning creator Hasan Piker drew audiences substantial enough to rival legacy media networks.

Here’s more.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

The real winners of Tuesday night's midterms? Influencers live-streaming results

Truth Social: Trump vows to work with states that want to embrace AI

12:31 , Joe Sommerlad

Here’s the latest from the president on social media:

“As President, I am 100% in favor of Super Intelligence (SI), and will work with the many States in the U.S. that want to become RICH by having them. They are GOLD, and only foolish leadership will say ’NO’ to the riches they bring!”

He has also clearly changed the channel on Fox:

“NEWSMAX: ‘Trump is a Winner, and he’s right on Iran!’”

Chuck Schumer: ‘I am not the best bassoonist’

12:15 , Joe Sommerlad

The veteran Democrat set to be the new Senate majority leader come January has brushed aside questions about his leadership of the party, albeit with a somewhat comic analogy comparing himself to an orchestra’s conductor.

South Carolina senator-elect Annie Andrews, who beat Darline Graham on Tuesday, has already called for “generational change” in Congress amid concerns over the advanced age of some party stalwarts (Schumer is a mere boy at 75).

Top polling analyst pushes idea that Trump may just flat out ‘quit’ as president after disastrous midterms

11:45 , Joe Sommerlad

Nate Silver, who correctly predicted that Democrats would regain control of both the House and Senate, has floated the idea that the president may just flat out “quit” as a result of his party’s crippling defeats in the midterm elections.

Brendan Rascius has more.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Top polling analyst pushes idea that Trump may ‘quit’ as president after midterms

Trump still backing Pete Hegseth as his seat gets warmer after midterm losses

11:15 , Joe Sommerlad

Rumors continue to swirl around the defense secretary and his supposedly imminent exit from Trump’s Cabinet but, for now, the president is continuing to support him publicly:

If he does stay on at the Pentagon, he could be the subject of an impeachment push by House Democrats, among whom there appears to be a clear appetite and a feeling that it stands a real chance of passing.

Here’s Rachel Dobkin with the latest.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Hegseth vows ‘not to back down’ in pushing out Trump’s agenda after midterm losses

El-Sayed names his top three priorities for Democrats

10:45 , Joe Sommerlad

The new Democratic senator for Michigan has been busy doing the media rounds since his triumph on Tuesday and yesterday laid out his top three priorities for his party in Congress, also issuing a timely warning against complacency.

El-Sayed remains a hot topic on Fox News, where Laura Ingraham appeared to agree with him about the war and former deputy FBI director Dan Bongino attacked him with an astonishing lack of self-awareness.

Judge blocks Trump’s 250-foot DC arch within an hour of panel of allies approving plans

10:15 , Joe Sommerlad

A federal judge has temporarily blocked Trump’s administration from constructing a 250-foot “triumphal” arch that the president wants to use as a “top-grade military complex” to tower over Washington, D.C.

The late Thursday decision from District Judge Tanya Chutkan arrived within an hour of a federal planning commission filled with Trump’s allies approving the plans, following several hours of public comments urging the panel to reject it.

Alex Woodward has the latest.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Trump wins approval for DC arch — and a judge immediately blocked it

Trump teases ‘big agreement’ after meeting Putin envoy but not with Ukrainian officials

09:45 , Joe Sommerlad

Speaking in the Oval Office Thursday – where he was, again, largely preoccupied with the decor – the president confirmed holding talks with Vladimir Putin’s envoy Kirill Dmitriev, or, as he described him “head person of Russia” at the White House but admitted he did not meet with visiting Ukrainian officials.

“I can’t tell you what I discussed,” Trump said of his meeting with Dmitriev but did trail a “big agreement” forthcoming.

Here’s more.

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Trump teases 'big agreement' after meeting Putin envoy but not Ukrainian officials

Watch: CNN airs brutal montage of Trump endorsing candidates who lost

09:15 , Joe Sommerlad

The president may be working hard to avoid taking responsibility for Tuesday’s disaster but here’s the great Kaitlan Collins with a timely reminder of his culpability.

Trump now blames voters for stock market plunge

08:45 , Joe Sommerlad

As we’ve just seen, the president was last heard from blaming the Democrats for Thursday’s stock dip.

Now, it’s your fault for voting them in – at least according to his latest Truth Social post.

“The Stock Market crashed today because the Dumocrats had a big Tuesday – So sad to see, you only have yourselves to blame!”

Trump blames stock market nose-dive on Dems’ midterm victories – and this gripe is actually accurate

08:30 , Rachel Dobkin

President Donald Trump has blamed Thursday’s stock market nose-dive on Democrats’ midterm victories – an assessment with which few would argue.

“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 on Truth Social after the closing bell rang Thursday.

“It took so much work to get us to a level that no one has ever seen before, and then this. Your 401(k)s have, therefore, dropped.

“Remember, it wasn’t Republicans, it was Dumocrats. Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!”

While Trump’s online rants typically are exaggerated or sprinkled with falsehoods, it is accurate to say that the blue tsunami in reliably Republican states Tuesday also hit Wall Street.

Read on...

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Trump blames stock market nose-dive on Dems’ midterm victories — and he’s not wrong

Midterm election results in full: Live maps with Mississippi Senate race too close to call

08:03 , Alex Woodward, Albert Toth & Dan Haygarth

Democrats inflicted a string of historic defeats in the midterm elections against Republicans, allowing them to take control of both chambers of Congress.

The fate of Donald Trump’s final years in the White House will be significantly influenced by the midterm results, as his political opponents gain essential power over policymaking. With control of both chambers, Democrats can now serve as a check on Trump’s most extreme policies.

All 435 seats in the House of Representatives were up for election, along with 35 seats in the 100-member Senate.

With the majority of preliminary results declared, Democrats are expected to hold at least 54 seats in the Senate after a series of victories in former Republican strongholds, including Texas, Kansas, South Carolina, Ohio, Maine and Iowa.

Read on...

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Midterm election results in full: Live maps with Mississippi race too close to call

Trump shows off new merch after grim election defeat

07:02 , Rachel Dobkin

After the blue tsunami, Donald Trump has shown off a new red hat.

The president displayed the cap that read “VETO” in the Oval Office Thursday, alluding to his power to reject legislation that he doesn’t like from Democrats once they take control of Congress.

President Trump's new 'VETO' hat (Getty Images)

Watch: AOC compares midterms to Obama 2008 win

06:09 , Rachel Dobkin

Texas went so blue Talarico got more early votes than Paxton got in total

05:03 , Rachel Dobkin

Ruby red Texas went so blue during the GOP’s crushing midterm defeat that Democrat James Talarico got more early votes than Republican Ken Paxton got in total.

Talarico defeated Paxton with more than 5.4 million votes in a blue tsunami that hit their state and other reliably Republican states such as Iowa and Kansas.

Paxton got 4,249,373 total votes, including 3,232,667 early votes, according to data from Texas Secretary of State Robert S. Howden’s office, last updated late Thursday afternoon.

Talarico got nearly 150,000 more votes from Texans who cast their ballots before Election Day than Paxton’s total vote tally. The Democrat got a total of 5,444,982 votes, including 4,397,474 early votes.

Read on...

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Texas went so blue Talarico got more early votes than Paxton got in total

Abdul El-Sayed claps back at Trump's metal detector insult

04:34 , Rachel Dobkin

Senator-elect Abdul El-Sayed has clapped back at President Donald Trump's demand that the Michigan Democrat go through metal detectors at the U.S. Capitol building.

“I'll do a metal detector all day because I've got nothing to hide. But Donald, if you're watching — lie detector’s is still on the table,” El-Sayed said during an appearance on The View.

Watch: Will Rubio be first to jump off Trump train as he eyes 2028 presidential run?

04:08 , Rachel Dobkin

Abdul El-Sayed has already found something he wants to work with Trump on

03:39 , Rachel Dobkin

Senator-elect Abdul El-Sayed has already found something he wants to work with President Donald Trump on — cutting aid to Israel.

The Michigan Democrat — who has been an outspoken critic of Israeli leadership during the war in Gaza, which he calls a genocide — backed Trump’s idea to cut $4 billion in aid to Israel by the end of the year, saying that he would “love to work with him on doing that.”

“I don’t think we should be continuing to subsidize a foreign military that has done the worst things with our money,” El-Sayed told the hosts of MS NOW’s Morning Joe Thursday. “In fact, I don’t know that we should be continuing to sell weapons to a country that is, again, using our weapons to do awful things.”

Read on...

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Abdul El-Sayed has already found something he wants to work with Trump on

Senior Trump official calls Hegseth firing rumors 'delusional thinking'

03:02 , Rachel Dobkin

There are rumors swirling that Defense Secretary Pete Hegseth may get the axe after the unpopular Iran war hurt Republicans in the midterms.

“Anyone looking to point fingers should start looking for another scapegoat. The Pentagon and the White House made their positions crystal clear tonight. They are coming out swinging in support of Hegseth and that should tell you everything you need to know,” a senior administration official told NewsNation’s Kellie Meyer.

“Suggesting he’s looking for an exit or preparing to step aside is delusional thinking and misreading the situation. He’s not going anywhere. He’s going to remain focused on his mission, he won’t be distracted by the noise, and he’s not going to let the pressure dictate his future.

“The idea that the Left and no name sources can manufacture enough controversy to force him out is wishful thinking. He’s been through way tougher fights and this fight has only begun. Never bet against Pete,” the official added.

Chuck Schumer speaks with John Thune after election victory

02:36 , Rachel Dobkin

Senate Minority Leader Chuck Schumer spoke with Senate Majority Leader John Thune after it became clear that the Democrats would take control of Congress.

Schumer told Punchbowl News of the election night call and said that he and Thune plan to meet soon. The New York Democrat said he has not heard from President Donald Trump yet.

Trump holds the line with petty CNN ban

02:09 , Ryan Parker

The White House responded to Kaitlan Collins’ post with a link to its own livestream of the event.

Watch: Republican blame game begins after midterm wipeout

01:32 , Rachel Dobkin

DOJ on hunt for Supreme Court abortion ruling leak

01:09 , Ryan Parker

The feds have not given up trying to find the identity of the person who leaked a 2022 draft of the Supreme Court ruling that overturned Roe v. Wade.

The U.S. Attorney’s Office for the District of Columbia, headed by Trump appointee Jeanine Pirro, is managing the investigation. Pirro, working with career prosecutors, assigned senior prosecutor Carlton Davis to the matter. Davis previously handled local fraud and violence prosecutions, as well as an unsuccessful effort to indict six Democratic lawmakers who had advised military personnel about refusing unlawful orders.

The Justice Department has accelerated its inquiry in recent weeks, The New York Times reported. Prosecutors have issued grand jury subpoenas for testimony and requested information from people employed by the high court when the draft opinion was disclosed.

Read on

Trump’s DOJ looking at criminal investigation over Supreme Court abortion ruling leak

Trump continues to shift blame for election losses: 'I JUST WASN’T ON THE BALLOT'

00:29 , Rachel Dobkin

President Donald Trump has continued to shift the blame for a crushing electoral defeat off himself.

”I JUST WASN’T ON THE BALLOT. IF I WERE, WE WOULD HAVE WON IN A LANDSLIDE!” Trump wrote on Truth Social Thursday night. But the president had campaigned hard for Republicans by telling his supporters to pretend he was on the ballot.

The post is essentially the same as the one he wrote on election night.

Final TV ratings for election night are in...CBS News still comes in dead last

00:03 , Rachel Dobkin

CBS News has come in dead last for ratings during their election night coverage with just 2.76 million viewers, CNN’s Brian Stelter has reported.

The Independent covered the initial TV viewership numbers, detailing CBS News’ struggle with ratings on election night and beyond. Read more here:

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

CBS News is dead last in network ratings coverage of midterms, Nielsen data reveals

Hegseth promises ‘not to back down’ in pushing out Trump’s agenda after midterm losses

Thursday 5 November 2026 23:38 , Rachel Dobkin

Defense Secretary Pete Hegseth has vowed “not to back down” in pushing out President Donald Trump’s agenda as his seat gets warmer after massive midterm losses.

“Just like the president, we don't back down, and that especially applies now. The next few months and years are critical for our department and our republic,” Hegseth said on the steps of the Pentagon Thursday in a video shared on social media. “This is about the president's ‘America First’ agenda. This is about our department's ‘Peace Through Strength’ agenda.”

Hegseth’s spiel came hours after news broke that a Republican lawmaker will soon file articles of impeachment against the Pentagon chief.

Congressman Thomas Massie from Kentucky, who has become a vocal critic of Trump, told Bloomberg News that he will “definitely” reintroduce articles of impeachment when his colleagues return to the House next week.

Read on...

Hegseth vows ‘not to back down’ in pushing out Trump’s agenda after midterm losses

Mary Peltola's campaign releases statement as Alaska Democrat remains neck-and-neck with GOP opponent

Thursday 5 November 2026 23:16 , Rachel Dobkin

Mary Peltola's campaign has released a statement as the Alaska Democrat remains neck-and-neck with her Republican opponent Dan Sullivan.

“The numbers are clear: when every vote is counted, Mary Peltola will be elected as Alaska’s next United States Senator. Tens of thousands of early votes and absentee ballots are still outstanding, and the data shows that these will break for Mary and extend her lead.

“Despite Sullivan pushing fictitious paths to victory that exclude the voices of thousands of Alaskans, every Alaskan’s vote will be counted, and Mary will win this race,” her campaign said.

Peltola is leading Sullivan by just a couple hundred points, 102,962 to 102,325, according to the Associated Press’ latest estimates.

Trump promises 'big agreement' over Ukraine war

Thursday 5 November 2026 22:52 , Alex Lang

Social media reacts to Trump's Oval Office landmark designation

Thursday 5 November 2026 22:21 , Alex Lang

Social media had some strong reactions to President Donald Trump’s plan to try to keep his Oval Office design for future presidents.

Trump's gold office office in pictures

Thursday 5 November 2026 21:52 , Alex Lang

Trump is hoping nobody touches his gold remake of the Oval Office. Here is what it looks like

President Donald Trump meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on October 22, 2025 (AFP via Getty Images)President Donald Trump speaks, alongside, US Secretary of Commerce Howard Lutnickbefore signing executive orders in the Oval Office at the White House in Washington, DC, on September 19, 2025 (AFP via Getty Images)President Donald Trump takes a question from NBC reporter Kelly O'Donnell in the Oval Office of the White House in Washington, DC, on September 18, 2026 (AFP via Getty Images)President Donald Trump makes an announcement on steel in the Oval Office of the White House in Washington, DC, on September 28, 2026 (AFP via Getty Images)

Trump takes a shot at Hillary Clinton when discussing his gold Oval Office

Thursday 5 November 2026 21:36 , Alex Lang

Trump defends Pete Hegseth

Thursday 5 November 2026 21:34 , Alex Lang

During a Thursday Oval Office appearance, President Donald Trump defended Pete Hegseth.

“Pete Hegseth has done a fantastic job,” the president said.

Some have called for Hegseth to lose his job in the aftermath of the midterm elections, where many voters cited displeasure with the Iran war and higher prices as reasons they voted Democrat.

Trump proclaims the Oval Office a landmark - hoping nobody changes his gold design

Thursday 5 November 2026 21:31 , Alex Lang

Democrats have now flipped at least 500 state legislative seats

Thursday 5 November 2026 21:30 , Alex Woodward

Democrats have now flipped at least 500 state legislative seats, including picking up Democratic majorities in at least 12 chambers and breaking at least 11 GOP supermajorities.

“Donald Trump’s failed legacy for Republicans now includes putting Democrats in their strongest position in the states in nearly two decades,” according to Democratic Legislative Campaign Committee president Heather Williams.

“Statehouse elections will continue to have tremendous impacts on the future of our nation, and defending our new seats will be crucial to ensuring Democrats hold power over redistricting, voting rights, and protecting our elections,” she added.

Republican lawmaker says 'there should be some heads rolling' after midterm losses

Thursday 5 November 2026 21:00 , Brendan Rascius

Rep. Marlin Stutzman, an Indiana Republican, said the Trump administration should enact staffing changes as a result of the party’s resounding defeat in the midterm elections.

"I think there should be some heads rolling from the White House right now,” Stutzman told Newsmax on Thursday.

Tucker Carlson says Trump era is over - and with it Fox News

Thursday 5 November 2026 20:30 , Brendan Rascius

Tucker Carlson declared the era of President Donald Trump — and Fox News — officially over, following the midterm elections which saw Democrats reclaim control of both the House and the Senate.

The former Trump ally and ex-Fox News host made the remarks on his podcast Wednesday, a day after Democrats romped to victory in a string of red states, ushering in an era of divided government.

Carlson called the election “the biggest blowout of our lifetimes,” “a collective howl of pain,” and a disaster on par with the sinking of the Lusitania.

Brendan Rascius reports...

Image from: Wall Street settles after Trump blames post-election stock slump on voters: Live updates

Tucker Carlson says Trump era is over - and with it Fox News

Republicans get a rare flip in the midterms

Thursday 5 November 2026 20:00 , Alex Woodward

Republicans are getting a rare flip.

Democratic candidate Matt Dunlap has conceded the race for Maine’s 2nd congressional district to former Gov. Paul LePage.

Not seeing a pathway to victory as the vote count moves to ranked-choice voting tabulation, Dunlap said in a statement: “This isn’t the result we were hoping for, and I’m disappointed that we came short.”

“Congratulations to Paul LePage, I wish him the best,” Dunlap said. “I want to thank every volunteer who knocked doors, made calls, and made their voices heard.”

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved