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U.S. stock market loses $5 trillion in value in three weeks (www.cnbc.com)

submitted 2 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.

The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.

Barclays strategist Emmanuel Cau noted rising uncertainty among investors.

The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.

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[–] Kit@lemmy.blahaj.zone 102 points 2 days ago (23 children)

My finance app automatically increased my retirement age by 8 years as a result of this. Retirement accounts, though diversified, are tanking. At least I have years to wait this out - I feel bad for anyone who was planning to retire soon.

[–] slazer2au@lemmy.world 31 points 2 days ago (21 children)

Good time to buy. Might get a couple more shares in each parcel purchase.

[–] Beacon@fedia.io 30 points 2 days ago (5 children)

Terrible time to buy. Economic things are very unstable right now and it's very possible that the market will go down much much further

[–] AarynBlack@lemm.ee 9 points 2 days ago (1 children)

Just need to buy the dip at the bottom. Who knows when that will be though.

[–] Beacon@fedia.io 7 points 2 days ago (1 children)

You shouldn't try to time the bottom, but you also shouldn't invest when the market has suddenly become erratic

[–] AarynBlack@lemm.ee 4 points 2 days ago

I agree, but if you have a few extra dollars, doesn't hurt to buy the dip, regardless of volitility, but I ONLY invest in the S&P 500. It's not going to gain anything sitting in a savings account.

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