Yulia Slavina

Gunjan Banerji: Nasdaq falls 5.4 percent with $2 trillion loss in market value

Gunjan Banerji: Nasdaq falls 5.4 percent with $2 trillion loss in market value
Nasdaq down 5.4 percent in record fall

The Nasdaq fell 5.4 percent, resulting in a $2 trillion loss in market value in a single day.

Gunjan Banerji reported that this puts the index on track for its largest one-day decline on record.

The Nasdaq Composite had previously fallen 2.6 percent in its second worst session of the year, as reported by Banerji in June. That drop marked its largest single-day decline since earlier this summer. Separately, Banerji noted expectations from GS that the FOMC could consider pausing rate hikes after its March meeting if inflation improves, according to a recent article.

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