WASHINGTON: President Donald Trump vowed on Sunday to bounce back stronger from a massive midterm election loss that he called a "giant step back in history" for the United States.

Democrats captured both chambers of Congress in last Tuesday's midterm elections, dealing historic losses to Trump's Republican Party in states it had dominated for decades.

"America took a giant step back in History with the results of the last Election," Trump said in a post on Truth Social, adding that the stock market, which had risen during his tenure, suffered a loss after the vote.

"But have no fear, we will be back, BIGGER AND STRONGER THAN EVER BEFORE!"