Peter Tuchman: S&P 500 gains over $900 billion in market cap, closing up 1.3 percent

Peter Tuchman: S&P 500 gains over $900 billion in market cap, closing up 1.3 percent
S&P 500 adds $900 billion in value

The S&P 500 closed up 1.3 percent in the latest session, resulting in an increase of over $900 billion in market capitalization.

Peter Tuchman highlighted that the S&P 500 is now 2.9 percent away from reaching a new all-time high.

Last week, the S&P 500 dropped 1.60%, wiping out over $1 trillion in market value, according to Peter Tuchman’s report on the sharp selloff. In a separate session, Tuchman noted the index traded near its daily low despite being up 0.25%, with small gains also seen in Dow Jones and Nasdaq as detailed in his earlier update. These recent moves have come amid close market attention to changing index levels.

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