President Donald Trump on Thursday said a stock market drop that day was due to Democrats winning Congress back in the midterm elections.
The S&P 500 fell 4.4 percent for its worst day since the April 2025 tariff announcement, while the Dow Jones Industrial Average sank 1,833 points, or 3.4 percent, and the Nasdaq dropped 5.5 percent by the end of Thursday’s trading period.
On Friday morning, the Nasdaq was up more than 1.5 percent, the Dow was up slightly, and the S&P 500 was up around 1 percentage point.
“The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!” Trump wrote in a post on Truth Social, using a term he has been using for months to refer to the Democratic Party….