Economics

640 readers

286 users here now

founded 2 years ago

422

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

[–] beeng@discuss.tchncs.de 2 points 19 hours ago* (last edited 19 hours ago) (2 children)

Pushing down assets is deflationary because nobody has money to spend, therefore they will get a good rate on their gov debt refinancing by the end of the year. That's what I heard.

[–] Jhex@lemmy.world 1 points 9 hours ago (1 children)

And that makes as much sense as destroying your house to save on insurance

[–] beeng@discuss.tchncs.de 1 points 9 hours ago

Least the bank won't take your house.

[–] faberyayo@lemm.ee 6 points 16 hours ago* (last edited 16 hours ago) (1 children)

All theories on this sound reasonable, but I still think Trump isn't playing some 4D chess game, I think he is just dumb.

[–] beeng@discuss.tchncs.de 1 points 11 hours ago

Just got to be president of United States through being dumb. Life is just Hollywood films 😅