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

submitted 3 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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[–] beeng@discuss.tchncs.de 2 points 3 days ago* (last edited 3 days ago) (4 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 2 points 2 days ago (1 children)

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

[–] beeng@discuss.tchncs.de 2 points 2 days ago

Least the bank won't take your house.

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