Economics

908 readers

184 users here now

founded 2 years ago

457

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

submitted 4 months 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%.

(page 2) 12 comments

sorted by: hot top controversial new old

[–] HappySkullsplitter@lemmy.world 2 points 4 months ago* (last edited 4 months ago)

It's 4D chess! /S

BahahaHahahaha

[–] LovableSidekick@lemmy.world 2 points 4 months ago* (last edited 4 months ago)

The question is, how will Bonespurs blame this on The Biden Crime Family™ ?

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

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

[–] beeng@discuss.tchncs.de 2 points 4 months ago

Least the bank won't take your house.

load more comments (2 replies)

[–] werefreeatlast@lemmy.world 1 points 4 months ago

Its okay! Emmanuel Cau has been deported. We'll never have to hear this stuff again. What is it anyway? The throughth?? Tooth? Whatever, you can't handle it!

load more comments