US stocks erase $3.18 trillion in value this week amid coronavirus tailspin

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices.

The equity benchmark lost $203 billion in value on Friday, adding to its $2.997 trillion loss from Monday to Thursday, the firm's Senior Index Analyst Howard Silverblatt told CNBC. The S&P 500 index has lost $3.58 trillion in value from its Feb. 19 high.

as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. All three major average ended the week deep in correction territory, more than 10% off their most recent highs. The Dow Jones Industrial Average lost nearly 3,500 points since Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Buy the dip and get rich. Thank me later.

Bye Trump and Republicans in November

Apparently this caronavirus has been around. Zoom out this pic and look under the first pic.

Mitchell_AB Overbought market uses virus excuse.

Many investors were making that face this week. And this entire year as well.

Because the media freaks everyone out by making this virus worse then what it is.. it needs contained yes but 83k infected 79k of them in China 2300k in S Korea

we've become as flighty as the Hong Kong market dips based on a fortune-teller's entrails reading-- hey, who's dying from the virus? hint: relatively few, very few

Why does always show pics of traders with their heads in their hands, or sad looks when the market is down? You know they're shorting! CNBC should post some pics of the bears with big smiles on their faces and huge thumbs up, on days when the market is getting crushed! LOL

Moody's and co. Ways to make money.

Between the MSM & the Democrats, I firmly believe if the could target only Conservatives, they would. Yes, there are people infected with this virus, but people are also infected with common flu. This is being exaggerated for a reason.

Guess there wasn’t much “value” there

Easy come easy go.

Fear-mongering thanks to MSM

Trump'd

Time to bust out those stock photos of brokers

Ponzi scheme

Buy low

this is scary

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong's government is giving $1,284 to every permanent resident over 18 - Business InsiderThe relief measures, which cost $15.4 billion, have resulted in Hong Kong's first budget deficit in 15 years — $4.85 billion for the 2019-2020 fiscal year. CoVid-19
Source: BusinessInsider - 🏆 729. / 51 Read more »