Key facts
- Trump wrote on Truth Social that the market "crashed today because the Dumocrats had a big Tuesday."
- The Nasdaq composite fell roughly 1,422 points on Thursday, November 5, 2026, after rising more than 500 points the prior day.
- The S&P 500 fell roughly 335 points on Thursday, November 5, 2026, after rising more than 120 points the prior day.
- Vice President Vance said on X that the Iran war was the main issue behind the GOP losses, also citing cost of living.
- A Reuters/Ipsos poll found 48 percent of voters ranked cost of living as their most important factor.
President Trump said the stock market's losses on Thursday, November 5, 2026, were the fault of Democrats, writing on Truth Social late that day that the market "crashed today because the Dumocrats had a big Tuesday." He added: "So sad to see, you only have yourselves to blame!"
The Dow Jones Industrial Average closed down 1,833 points relative to the prior day, after falling more than 2,100 points from the opening bell, according to the report. A day earlier, on Wednesday, November 4, 2026, the index had risen 1,104 points after the opening bell. The Nasdaq composite and S&P 500, up by more than 500 and 120 points on Wednesday, fell by roughly 1,422 points and 335 points on Thursday.
In a subsequent post, Trump said the market "suffered one of the Worst Days in History based on the results of the Election," and wrote that "it wasn't Republicans, it was Dumocrats." He added: "Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE."
Democrats took control of the House and the Senate in the November 3, 2026 midterm elections, winning battleground states including Texas, Iowa, Ohio, Maine, Michigan and Kansas, the report said. Many Democratic candidates campaigned on cost-of-living concerns. Texas Sen. Ted Cruz acknowledged that affordability was a top issue for voters, and Vice President Vance wrote on X that the Iran war was the main issue behind the GOP losses while also citing cost of living.
A Reuters/Ipsos poll found 48 percent of voters ranked cost of living as the most important factor in their vote, and a Gallup survey conducted the prior month found nearly half of respondents marked the economy as an extremely important factor.
On Friday, November 6, 2026, Trump posted that he is "100% in favor of Super Intelligence (SI)" and would work with states that want to host AI data centers, writing that "They are GOLD."