Economics

647 readers

153 users here now

founded 2 years ago

455

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

62 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

[–] in4apenny@lemmy.dbzer0.com 4 points 1 day ago

An almost unnoticeable 1% of that is £360 billion, imagine what could be done with just that! Half would probably propel humanity forward, says everything you need to know about these wealth hoarders.