$500 billion S&P 500 market cap swing occurs in 30 minutes, Peter Tuchman notes

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3 hours ago

$500 billion S&P 500 market cap swing occurs in 30 minutes, Peter Tuchman notes — S&P 500 swings $500 billion in 30 minutes

Peter Tuchman highlights a dramatic shift in the S&P 500, noting that the index experienced a $500 billion market capitalization swing within just 30 minutes. At 10:00 a.m., the S&P 500 was down 0.4 percent, but by 10:30 a.m., it had recovered to gain 0.4 percent, underlining rapid intraday volatility.

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Last week, Tuchman reported the S&P 500 lost $1.6 trillion in market capitalization over five trading days, according to his previous post. He has also covered shifts in other major indexes. In May, Tuchman noted the Dow Jones closed at a record high, as detailed here.

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