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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

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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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[–] 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!

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