The S&P 500 has fallen more than 10% from its record high, entering a correction and shedding trillions of dollars in market value.

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%.

  • beeng
    1·
    11 hours ago

    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
      1·
      59 minutes ago

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

      • beeng
        1·
        31 minutes ago

        Least the bank won’t take your house.

    • faberyayo@lemm.ee
      4·
      8 hours ago

      All theories on this sound reasonable, but I still think Trump isn’t playing some 4D chess game, I think he is just dumb.

      • beeng
        1·
        3 hours ago

        Just got to be president of United States through being dumb. Life is just Hollywood films 😅