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The S&P 500 lost over $700 billion in market capitalization, marking its worst single-day decline since July 29.
Peter Tuchman highlighted the magnitude of the market's downturn and questioned the underlying causes.
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Earlier, Peter Tuchman reported the S&P 500 gained over $6.5 trillion in market cap during a strong session, with the index up nearly 1 percent in a single day (S&P 500 rises nearly 1 percent with $6.5 trillion in market cap gains, Peter Tuchman notes). More recently, he observed the Dow Jones, S&P 500, and Nasdaq all closing lower in a Thursday session (Dow Jones, S&P 500, and Nasdaq all end down, Peter Tuchman notes). These moves highlight ongoing fluctuations in major U.S. equity benchmarks.