Fact-check · Nov 8, 2026 · Donald Trump
“Right after the election, we did lose $3,000,000,000,000. The highest number ever”
MOSTLY TRUESaid in 3 broadcasts
What the record shows
S&P 500 erased $2.9 trillion in market capitalization on November 5, 2026 (4.3% decline), per Yahoo Finance. Nasdaq Composite erased $2.5 trillion (5.5% decline). These are single-day market value declines, not realized investor losses.
$2.9 trillion rounds to ~$3 trillion claimed. However, 'market value erased' differs from 'we lost'—these are unrealized declines in index capitalization, not actual losses. The figure is directionally correct but the framing conflates mark
Sources
- Stock market tumbles on post-election reset
- Stock market today: Dow plunges 1,800 points, Nasdaq enters correction in AI trade meltdown
- 2022 stock market decline
- Stocks plunge as election outcome and AI worries crush tech shares
- Yikes! The Stock Market Just Did Something It Has Never Done Before. History Is Clear About What Comes Next.
- Trump blames Democrat midterm wins for stock market drop and 401(k)s
Every time it was said
3 times, Nov 6, 2026 to Nov 8, 2026 · 2 true · 1 misleading · against S&P 500 (FRED)
S&P 500, as revised today● figure published the day it was saidTrueMisleading
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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