technology ·
Trump says voters should blame themselves for stock market rout
President Trump said Thursday night that voters had themselves to blame for the stock market's historic sell-off.
Why it matters: Two days after Republicans lost the midterm elections in historic fashion, the president is lashing out at the voters who rejected his candidates and message. Driving the news: Stocks plunged Thursday, with the tech-heavy Nasdaq sinking more than 5% as AI-linked stocks sold off. - Investors are skittish about the future for AI development — and the data centers that power the technology — after Tuesday's blue wave ushered in candidates who campaigned on restricting AI. What he's saying: "The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame!"
The intrigue: Thursday's plunge was an unusually delayed reaction — the market actually had a massive rally Wednesday as the initial election results became apparent. - Trump was quick to claim credit at the time for the conditions that led to those market highs. What to watch: Stock futures were down again in pre-market trading late Thursday, and Asian markets were broadly lower as well, pointing to the potential for another rough day Friday.
