ChainCatcher reports that macro research account The Macro Paper posted on X that, as of the time of posting, the U.S. stock market had lost $2.8 trillion in market value that day—the largest single-day loss in market value on record. The previous record was $2.69 trillion during the COVID-19 pandemic.
Additional background from readers says the U.S. stock market lost about $2 trillion in market value that day. By comparison, about $3.5 trillion in market value was wiped out on March 16, 2020. Elon Musk expressed surprise in the comments, saying that he had rarely seen anything like it.
Additional background from readers says the U.S. stock market lost about $2 trillion in market value that day. By comparison, about $3.5 trillion in market value was wiped out on March 16, 2020. Elon Musk expressed surprise in the comments, saying that he had rarely seen anything like it.