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But we saved everything 🙂.
Peter Tuchman reports that the S&P 500 experienced a significant decline, losing around $1 trillion in market capitalization after closing down 1.5 percent.
He adds that the five largest companies in the world accounted for about 50 percent of that market cap loss. Tuchman questions what is driving this sharp move and invites further discussion.
Tuchman previously reported that the S&P 500 saw a $1.6 trillion decrease in market capitalization over the last five trading days. On another occasion, he noted the index added $350 billion in market cap with a 0.55% rise. These moves highlight ongoing fluctuations in major U.S. equity benchmarks.