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S&P 500 closes down 1.8 percent wiping out about $1.2 trillion, Peter Tuchman notes

S&P 500 closes down 1.8 percent wiping out about $1.2 trillion, Peter Tuchman notes
S&P 500 erases $1.2 trillion Friday

The S&P 500 closed down 1.8 percent on Friday, wiping out approximately $1.2 trillion in market capitalization.

Peter Tuchman described the day as wild and crazy and questioned the reasons behind the sharp market move.

Earlier this week, Peter Tuchman reported the S&P 500 fell 1.60%, erasing over $1 trillion in market cap in a single day, as detailed in a previous update. He also noted that the Dow Jones, S&P 500, and Nasdaq all ended lower during Thursday trading, according to an earlier market summary. These recent declines follow a series of volatile sessions across major U.S. indexes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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