S&P 500 suffers $2 trillion wipeout in a historic 40-minute crash
The S&P 500 just experienced an absolute freefall, wiping out $2 trillion in market capitalization in a staggering 40-minute window. This massive sell-off has completely annihilated the recent rally seen following the Midterm Elections. Market history is calling this one of the quickest losses ever recorded.
.@KobeissiLetter just dropped some absolutely insane news about the S&P 500 market.
The index has been erased $2 trillion in total market cap in a lightning-fast 40 minutes.
Sources report this rapid decline constitutes one of the quickest market cap losses in recorded stock market history.
The massive rout completely wiped out the gains made during the recent surge following the Midterm Elections.
Basically, the market rally that we saw get demolished in just minutes, according to the report.
TopicsS&P 500
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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