President Donald Trump said the U.S. midterm election results were a major setback and blamed them for a sharp decline in the stock market. (Foto: Instagram)
President Donald Trump said Sunday, Nov. 8, that the results of the U.S. midterm elections represented a “major setback in history.” In a post on Truth Social, he also blamed the election outcome for declines in U.S. stock markets.
“The United States suffered a major setback in history with the results of the latest election—even the stock market, which had been surging under the Trump administration, lost $3 trillion in a single day,” Trump wrote. He added: “But do not be afraid: We will be back, bigger and stronger than ever.”
The midterm results confirmed Democratic majorities in both the Senate and the House of Representatives. The outcome was described as a historic defeat for Trump, a Republican.
Global markets were hit last week by a sharp drop in technology shares, following a session of steep losses on Wall Street. Investors are concerned that investments in artificial intelligence may fail to deliver the expected returns or may take longer than anticipated to reward investors.
