U.S. President Trump said in a speech at the Kennedy Space Center in Florida that the Democrats’ victory in the midterm elections had wiped out about $3 trillion in market value from U.S. stocks, adding that the market had since begun to recover.
Trump wrote on social media that the stock market immediately lost $3 trillion in market value after the election ended. Global investors did not like the results on election day, he said, but the market has since risen, and the United States will soon be greater than ever. (Translated from Trump’s social media post)
After the election results were announced, Wall Street saw a major sell-off. The Nasdaq Composite fell significantly, while AI and semiconductor stocks such as Nvidia and AMD came under pressure. Trump also sought to reassure investors worried about their 401(k) retirement savings, saying there was no need to worry about the economic outlook and that the U.S. economy would regain momentum and grow stronger.
(Source: World Eyes, November 15; Trump’s social media post, November 15)
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Trump wrote on social media that the stock market immediately lost $3 trillion in market value after the election ended. Global investors did not like the results on election day, he said, but the market has since risen, and the United States will soon be greater than ever. (Translated from Trump’s social media post)
After the election results were announced, Wall Street saw a major sell-off. The Nasdaq Composite fell significantly, while AI and semiconductor stocks such as Nvidia and AMD came under pressure. Trump also sought to reassure investors worried about their 401(k) retirement savings, saying there was no need to worry about the economic outlook and that the U.S. economy would regain momentum and grow stronger.
(Source: World Eyes, November 15; Trump’s social media post, November 15)
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