Nasdaq Correction Hits as AI Trade Unwinds Two Days After Midterm Rally
A huge Wall Street rally on Democrats' midterm sweep reversed within 48 hours into a 4% Nasdaq correction as traders dumped AI and data-center stocks.
Trump's approval rating plummets to historic lows as Democrats gain advantage heading into midterm elections, though enthusiasm gaps remain a complicating factor.
20 stories · since Oct 14
A huge Wall Street rally on Democrats' midterm sweep reversed within 48 hours into a 4% Nasdaq correction as traders dumped AI and data-center stocks.
Democrats flip both chambers of Congress in a rout Trump attributes partly to the Iran war and fuel prices.
A day after Democrats seized Congress in a historic midterm wipeout, Trump showed no interest in self-reflection, instead touring his ballroom construction site while GOP strategists pushed for a staff shakeup and policy reversals.
In his first midterm campaign appearance, former President Obama criticized the Trump administration and Vivek Ramaswamy at a Cleveland rally.
Asked point-blank if he'd accept the outcome, Trump qualified his answer, reviving comparisons to his 2020 refusal to concede.