S&P 500 Falls 4.4% Thursday as Trump Blames Democrats' Midterm Win
Democrats won the House and Senate on Tuesday, Nov. 3, and the S&P 500 dropped 4.4% on Thursday, its worst day since April 2025. Trump blames the election. Others point to the Iran war, record diesel prices and 3.7% inflation. The first hard test is Jan. 3, when a Democratic Senate takes over and gets a say on Fed nominees.