The American Red Cross will be providing hot meals for those affected by the recent flooding. Meals will be available first come, first served at the Tony Rosa Community Center today, November 6th, from 12pm-2pm. Visit our website and social media pages for updates. Please share!
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Trump Blames Election for Stock Drop, but Markets Rallied the Day After Democrats Won![]()
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President Trump says the midterm election results caused Thursday's stock market sell-off. The day after the election, however, the market rallied.![]()
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In a Truth Social post Thursday evening, the president wrote, "The Stock Market suffered one of the Worst Days in History based on the results of the Election."![]()
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Wednesday was the first trading day after Democrats won control of both chambers of Congress. That day, the Dow Jones Industrial Average gained more than 3%, its biggest single-day gain after a midterm election since 1982, according to CFRA Research. The S&P 500 rose 1.58%, its second-best day after a midterm in that span. The Nasdaq gained 1.44%.![]()
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That rally lasted one day. On Thursday, the Dow fell 1,833 points, or 3.4%. The S&P 500 dropped 4.4% and the Nasdaq fell 5.5%. All three indexes had their worst day since April 2025, and the Nasdaq entered correction territory.![]()
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Technology and chip stocks led Thursday's losses. Analysts told CBS News that investors were concerned a Democratic Congress could slow construction of the data centers behind the artificial intelligence boom. Signs of that concern had appeared Wednesday, when chip stocks fell even as the overall market rose. Nvidia dropped 3.2% Wednesday and another 9.2% Thursday.![]()
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The October jobs report comes out Friday.![]()
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#StockMarket #Midterms2026 #WallStreet
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Major accident on US1 in Melbourne forces closure. Detouring Traffic from US one down Jackson and Dale Avenue
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