Economics

640 readers

326 users here now

founded 2 years ago

421

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

submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world

56 comments fedilink hide all child comments

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%.

you are viewing a single comment's thread
view the rest of the comments

[–] Beacon@fedia.io 25 points 1 day 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 7 points 1 day ago (2 children)

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

[–] Beacon@fedia.io 5 points 1 day 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 3 points 1 day 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.

load more comments (2 replies)