How big is the stock-market selloff? The S&P 500 erased $9.3 trillion from its market cap
Stocks, bonds and everything in between have been hard-hit this year as fears about high inflation have morphed into concerns about a potential U.S. recession.
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index(.SPX.US$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop in the S&P 500’s market capitalization to around $33 trillion (see chart), according to Bespoke Investment Group.
$Tesla(TSLA.US$ $Apple(AAPL.US$ $Amazon(AMZN.US$ $Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index(.SPX.US$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop in the S&P 500’s market capitalization to around $33 trillion (see chart), according to Bespoke Investment Group.
$Tesla(TSLA.US$ $Apple(AAPL.US$ $Amazon(AMZN.US$ $Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$
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news porter, welcome and respect all view~
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B3llo : The index hit 2191 during Covid, still a long way man
But time in the market beats timing the market, so DYODD
101875429 : S&P hit 666 during great recession of 2008. With inflation there is no way to do QE anymore. Good luck.
FiveHundredCentsOP B3llo: DYODD!!
FiveHundredCentsOP 101875429: Good Luck
Everett_Gilbert : Doing the long haul
FiveHundredCentsOP Everett_Gilbert: yep!