Trump Media stock and WLFI coin saw declines but he is still $2.7bn wealthier than when he won election in 2024

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Donald Trump’s wealth is falling along with his political fortunes.

Tradable investment assets that helped make the president more than $2bn during his first year in office are collapsing in value the day after the Democrats trounced the Republicans in the midterm elections. Trump Media and Technology Group stock, which trades on the Nasdaq exchange, was priced at just over $5 on Wednesday morning – its lowest mark ever, and down from an all-time high of $101. It lost 11% overnight, dropping from $5.90 once the election returns started coming in. Trump has reported he owns 114m shares of DJT.

Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy

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US stocks have surged as investors digest the Democrats’ victories in the midterm elections, lifted by hopes that Donald Trump’s turbulent policymaking would be restrained and shaking off initial fears about the impact on growth in the world’s largest economy.

The Dow Jones rose close to 3%, its best day in over a year, while the tech-heavy Nasdaq and the benchmark S&P 500 gained about 1.5% each when markets closed on Wednesday afternoon, turning around overnight falls in US stock futures after the news that the Democratic party won control of the Senate and the House of Representatives.