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Donald Trump blamed the recent plunge in U.S. stock markets on the Democratic Party’s victory in the mid‑term elections. In a post on Truth Social, the former president described the market’s decline as “one of the worst days in history” because of the election results. He added that investors should not fear, saying “soon, in one way or another, we will be bigger and stronger than ever,” without explaining how that would happen. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all fell on Thursday, erasing the gains that had appeared immediately after the elections on Tuesday. The drop was driven in part by a sell‑off in technology stocks, as investors worried that a Democratic majority in both chambers of Congress could slow the expansion of data‑center infrastructure. Senator Bernie Sanders of Vermont, who is aligned with the Democrats, has called for a national pause on new data‑center construction. In a tweet on Wednesday night, Sanders wrote that “Americans do not want the oligarchs of big tech companies to destroy the environment, eliminate jobs, and threaten the future of humanity.” The mid‑term elections saw the Democratic Party win control of the House of Representatives and retain a majority in the Senate, while also securing key gubernatorial races. The shift in congressional power has heightened concerns among some investors that regulatory changes could impact the growth of technology and data‑center projects. Article source: IN.gr | Image credit: IN.gr
Donald Trump blamed the recent plunge in U.S. stock markets on the Democratic Party’s victory in the mid‑term elections. In a post on Truth Social, the former president described the market’s decline as “one of the worst days in history” because of the election results. He added that investors should not fear, saying “soon, in one way or another, we will be bigger and stronger than ever,” without explaining how that would happen. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all fell on Thursday, erasing the gains that had appeared immediately after the elections on Tuesday. The drop was driven in part by a sell‑off in technology stocks, as investors worried that a Democratic majority in both chambers of Congress could slow the expansion of data‑center infrastructure. Senator Bernie Sanders of Vermont, who is aligned with the Democrats, has called for a national pause on new data‑center construction. In a tweet on Wednesday night, Sanders wrote that “Americans do not want the oligarchs of big tech companies to destroy the environment, eliminate jobs, and threaten the future of humanity.” The mid‑term elections saw the Democratic Party win control of the House of Representatives and retain a majority in the Senate, while also securing key gubernatorial races. The shift in congressional power has heightened concerns among some investors that regulatory changes could impact the growth of technology and data‑center projects.
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