On Nov. 5, 2026, U.S. stocks suffered their worst session since April 2025. The Dow fell 1,833.06 points, or 3.44%, to 51,523.06; the S&P 500 dropped 334.89 points, or 4.36%, to 7,353.73; and the Nasdaq Composite lost 1,421.52 points, or 5.52%, to 24,315.00. The Nasdaq closed in correction territory. All 11 S&P 500 sectors fell, Nvidia dropped more than 9%, and Micron and AMD fell roughly 17% each. After the close, Trump posted on Truth Social blaming Democrats for the selloff.
Reporting tied the drop to investor fears that Democrats' midterm sweep would slow AI data-center construction and tighten oversight of the AI build-out. The same election results had lifted the broad market the day before, however, and Qualcomm's and Arm's earnings, as well as an AI-stock slide that predated the vote, were also cited as causes.
Trump did post that on Nov. 5, 2026, and the market numbers are basically accurate: Dow -1,833 points (-3.44%), S&P 500 -4.36%, Nasdaq -5.52%. But the market did not fall solely because Democrats won: the same results initially sparked a rally on Nov. 4, and chipmaker earnings plus AI/data-center worries were also cited as triggers.
BDonald Trump says the stock market crashed because, quote, "the Dumocrats had a big Tuesday."
AHe actually wrote "Dumocrats"?
BOSINTdefender on X flagged the Truth Social post.
BThe full line: "So sad to see, you only have yourselves to blame."
APoetic. But the numbers were ugly.
ADow down 1,833 points. S&P 500 down four-point-four.
ANasdaq down five and a half.
BOne of the worst sessions in recent memory.
BNvidia dropped more than nine percent.
BMicron and AMD each fell around seventeen percent.
ABut saying it crashed because Democrats had a big Tuesday? Not the whole story.
BCome on, the election spooked the market.
BA Democratic sweep raises the odds they slow data-center construction.
BThat fear is real.
AThe same election results initially sparked a rally on November fourth.
AThe broad market went up when the results came in.
BSo the market liked it for one day, then thought about regulation.
BThat's still Democrats.
ANo, because chip earnings mattered too.
AQualcomm and Arm reported lackluster numbers.
AThe AI-stock slide started before the vote.
BArm and Qualcomm are not Nvidia.
BThe selloff was about Washington, not a few chip names.
AIt was about the AI build-out overall—earnings, data-center fears, all of it.
AYou can't pin an 1,800-point Dow drop on one election result.
BI'm not saying it's one thing.
BTrump has a point in blaming Democrats for spooking the AI trade.
AHe didn't say it was one factor.
AHe said it crashed because Democrats had a big Tuesday. That's false.
BFine. The president rounds the truth like a press release.
BBut the worry is legitimate: if Democrats slow data centers, AI spending doesn't pay off as fast.
AThat's a fair worry. But then say that—not "you only have yourselves to blame."
BYou want a president who writes nuanced footnotes during a market rout?
AI want a president who doesn't blame voters for a selloff that also had earnings behind it.
BGood luck. The market's a political weapon now.
AA reply in the thread from Mike Eagan caught it.
A"So it crashed on Thursday because of what happened on Tuesday?"
A"And we’re just ignoring what happened Wednesday?"
BThat's exactly the problem. Everyone picks the day that fits their politics.
AOr their portfolio.
BHere's the real point. The market is reacting to policy risk, not just earnings.
AIt's reacting to a giant AI spending bet that already looked shaky before the election.
BIf Democrats slow data-center construction, that bet gets shakier.
AI'm not dismissing the policy risk. I'm saying the president's post made it sound like voters caused the crash.
BHe didn't say voters caused it, though. He blamed Democrats for the Tuesday result.
A"You only have yourselves to blame" is directly to the people who voted.
BHe's the president. He's allowed to be annoyed that a bad election outcome hit the market.
AHe's allowed to be annoyed, but not to rewrite why the market fell.
AThat matters for anyone trying to understand their retirement account.
BAnyone watching their retirement account just sees red. They don't care if it was earnings or the election.
AThey should care. If it's earnings, it's one problem. If it's policy, it's another.
BBoth get fixed by the market eventually. The president can't fix either by posting.
ANo, but he can get the headlines.
ASpeaking of the overnight chaos: OnlyOptionsTrades on X claims Nasdaq futures dropped about eight hundred points as the midterm results came in.
BThen what?
AIt says futures then surged more than a thousand points off the overnight low.
AI haven't confirmed that exact path.
ABut the cash market did rally sharply on November fourth after the results.
BSo the market threw a fit, then remembered it liked gridlock? Or maybe it liked Democrats?
AThe post says the selloff didn't last. That's the point. One day's crash isn't a clean verdict on an election.
BOr the market is whipsawing because nobody knows what Washington will do to AI. That's worse.
AIt's volatility. A drop of eight hundred points recovered by a thousand isn't a mandate.
BFine. But when the Dow falls 1,833 points the next day, people remember that, not the overnight bounce.
ABecause the president posted about it. That's exactly why.