Trump blames Democrats for market losses after US midterm elections; says ‘We’ll be bigger, stronger than ever’ | Today’s news

Days after Democrats secured sweeping victories in the US midterm elections and dealt major setbacks to President Donald Trump and his Republican Party, Trump on Thursday (local time) blamed Democrats for losses in Americans’ 401(k) portfolios amid a deepening selloff in artificial intelligence (AI) and technology stocks.

In a social media post, Trump blamed Democrats for the market decline, writing: “The stock market suffered one of the worst days in history based on the election results. Such a sad thing to watch! It took so much work to get us to levels no one had ever seen before and then this. That’s why your 401(k)s didn’t go down. But remember, we weren’t Democrats, Republicans; the other, BE BIGGER AND STRONGER THAN MAKE AMERICA GREAT AGAIN ANYTIME!”

This story will be updated with more details.