Wall Street suffers brutal AI rout as Donald Trump blames massive stock crash on Democrats

WorldBusiness & Finance
6 Nov 2026 • 3:59 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Wall Street suffers brutal AI rout as Donald Trump blames massive stock crash on Democrats

  • Major US stock indices fell sharply after Democrats won midterm elections, with the Nasdaq 100 posting its worst session since March 2020.
  • President Donald Trump attributed the market downturn to Democratic election wins, an assessment that aligns with investor concerns about potential tech regulation.
  • Investors fear a Democrat-controlled Congress convening in January will tighten control over artificial intelligence and restrict data center expansion.
  • Market losses continued Thursday as the Dow Jones Industrial Average plunged over 1,800 points and the Nasdaq Composite fell 5.52 percent.
  • Tech stocks took significant hits during the sell-off, including Elon Musk's Tesla and SpaceX, which fell 10 percent and 9 percent, respectively.

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