US President Donald Trump attributed Thursday\u2019s stock market freefall to the electoral victory of his rival Democratic Party in midterm elections earlier this week.\n<\/p>\n
\u201cThe Stock Market crashed today because the Dumocrats had a big Tuesday \u2014 So sad to see, you only have yourselves to blame!\u201d Trump posted on his Truth Social platform after US markets closed for the day.\n<\/p>\n
Analysts attributed Thursday\u2019s stock selloff to fears of Democrats threatening the AI data center investment boom, with the tech-focused Nasdaq suffering its worst session percentage-wise since April 2025.\n<\/p>\n
Data centers have faced broad opposition from US voters regardless of political affiliation, and many midterm winners have pledged to put the brakes on such projects.<\/p>\n
Democrats flipped seats that had long been held by Republicans, scoring breakthroughs in South Carolina, North Carolina, Iowa, Kansas, Ohio, Texas and Maine.<\/p>\n
In Maine, former logger Troy Jackson defeated longtime Republican Senator Susan Collins, the party\u2019s seventh Senate seat captured from Republicans.\n<\/p>\n
In Kansas, Methodist minister Adam Hamilton became the first Democrat elected to the Senate from the reliably conservative state since 1932. Iowa had not elected a Democratic senator since 2008.<\/p>\n
Talarico, the Texas Democrat, declared he had defeated \u201cGoliath\u201d in winning a Senate seat, while Gina Hinojosa unseated the state\u2019s Republican governor, Greg Abbott, ending decades of Republican rule.\n<\/p>\n
Democrats also protected key Senate seats of their own, including Jon Ossoff in Georgia and an open seat in New Hampshire.\n<\/p>\n
The scale of the victory grew further when Abdul El-Sayed defeated former Republican lawmaker Mike Rogers in Michigan, making him the first Muslim elected to the upper chamber of Congress.\n<\/p>\n
The party\u2019s House victory saw gains across Pennsylvania, Kentucky, Arizona, North Carolina, Wisconsin and New Jersey, including districts Trump had carried comfortably in 2024.\n<\/p>\n
In one closely watched bellwether, Democrat J.D. Ford ousted Republican congresswoman Victoria Spartz in Indiana, capturing a district Trump won by 17 points two years earlier.\n<\/p>\n
Democrats also won Georgia\u2019s governorship, electing former Atlanta mayor Keisha Lance Bottoms as the first Black woman governor in US history.\n<\/p>\n
Republicans had some consolation in Florida, where Trump-backed Byron Donalds became the state\u2019s first Black governor and Ashley Moody retained a Senate seat \u2014 but only after seeing off surprisingly strong Democratic challenges.<\/p>\n
AFP\n <\/p>\n
Source: <\/p>\n
US President Donald Trump attributed Thursday\u2019s stock market freefall to the electoral victory of his rival Democratic Party in midterm elections earlier this week. \u201cThe Stock Market crashed today because… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-10653","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=10653"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10653\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=10653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=10653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=10653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}