U.S. stocks fell after Democrats’ reported midterm election victories, with the Dow Jones Industrial Average closing 1,833 points below its Wednesday close on Thursday, according to The Hill. The outlet said the index had dropped more than 2,100 points from the opening bell, while the Nasdaq composite and S&P 500 also declined.
The Guardian reported that Trump Media and Technology Group shares fell 11% overnight to just over $5 on Wednesday morning, after election returns began, from $5.90. The Washington Examiner, citing Bloomberg’s billionaires index, reported that Elon Musk’s net worth declined by $33.5 billion, or 3.7%, on Wednesday. The Examiner said investors sold shares in Musk’s companies as Democratic congressional majorities approached.