Trump Midterm Defeat Sends Concept Stocks Lower as White House Cancels Public Events

After Democrats took control of both chambers in the U.S. midterm elections, Trump Media & Technology Group fell more than 11%, Tesla dropped 4.76%, Nvidia slipped 1.2%, WLFI fell 1.96% and TRUMP dropped 11.14%, according to BlockBeats.

Post-election market reaction

The flash also said the White House held no public events on Wednesday beyond closed-door policy meetings. It reported that Trump linked the Republican defeat partly to the Iran issue while defending the decision to act.

Source: BlockBeats English report, published Nov. 4, 2026.