US stocks lose about $3.2T in one day; Trump blames Democrats

Cointime reports: US stocks shed an estimated $3.2 trillion in market value on November 5, with the Dow down 3.44%, the S&P 500 down 4.36% and the Nasdaq down 5.52% — its worst single-day drop since April 2025. President Trump blamed the selloff on Democrats in a social media post, saying 401(k) retirement accounts had shrunk. The White House X account reposted the message. Reports linked the selloff to Democratic midterm platforms targeting data center expansion limits and tighter AI regulation.