Fact-check · Nov 6, 2026 · Donald Trump
“Our country lost 3,000,000,000,000 all because of an election.”
MISLEADINGSaid in 3 broadcasts
What the record shows
S&P 500 companies lost approximately $3 trillion in market value on November 6, 2026. The sell-off followed election results but was primarily driven by concerns over AI regulation and data center policy, not the election itself.
The $3 trillion figure is accurate, but attributing the loss entirely to the election misrepresents the causation. Market concerns centered on future AI policy implications, not the election as a direct cause.
Sources
- U.S. Stocks Plunge, $3 Trillion in Market Value Lost Amid Election and AI Concerns
- U.S. Stocks Plunge, $3 Trillion in Market Value Lost Amid Midterm Election Fears
- Joe Consorti: S&P 500 sees $3 trillion single-day loss in U.S. history
- The greatest loss of wealth in history raises doubts about the future of artificial intelligence
- ‘Worst days in history’
- Stock market today: Nasdaq and S&P 500 rebound, Dow slips to cap bruising week for AI stocks
Every time it was said
3 times, Sep 10, 2026 to Nov 6, 2026 · 1 misleading · 1 false · 1 unconfirmed · against S&P 500 (FRED)
S&P 500, as revised today● figure published the day it was saidMisleadingFalseUnconfirmed
The verdicts differ. Some differences can come from new data between dates (see the figure published each day); others come from changes in the wording or in what each check found. Each check is linked below.
Figures published each day come from FRED archives (ALFRED), before later revisions.
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