Nasdaq plunge after Democratic midterm victory

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 2 Apr 2025Background

   Trump announces 'Liberation Day' tariffs, triggering a Wall Street sell-off

   On 2 April 2025, President Trump announced sweeping reciprocal tariffs on imports, and US stocks, led by the Nasdaq, fell sharply in the days that followed.

2. 3 NovBackground

   Democrats win widely in the 2026 US midterm elections

   On 3 November 2026, Democrats made sweeping gains in the US midterms, projected to take the House and flipping several Senate seats.

3. 

   5 Nov

   Nasdaq drops 5.5% in one day as Democrats' midterm win rattles AI stocks

   Two days after the Democrats' midterm wave, the Nasdaq lost 5.52%, its worst day since April 2025, as investors worried about AI data centers and new rules.