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Trump blames midterm dip
U.S. President Donald Trump said Democratic victories in the midterm elections were behind the stock market’s decline, while markets attributed the fall in chip stocks to concerns about tighter regulation of artificial intelligence and a slowdown in data-center construction. The Nasdaq posted its biggest one-day drop in 19 months, closing down 5.46% at 24,315.02 points. The S&P 500 fell 4.32% to 7,353.65, and the Dow Jones dropped 3.45% to 51,513.43. The Nasdaq fell more than 10% from its record high in October, putting it into a technical correction.
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