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Coronavirus wipes out $1.7 trillion in US stock market value in two days
#1
Coronavirus wipes out $1.7 trillion in US stock market value in two days
PUBLISHED TUE, FEB 25 20205:11 PM ESTUPDATED AN HOUR AGO

Maggie Fitzgerald@MKMFITZGERALD





KEY POINTS
  • The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. 

  • Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus.


  • The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow Jones Industrial Average in turning negative for the year.

[*][Image: 106409678-futuresandwednesdaymarkets.jpg...=750&h=422]


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What the pros are looking for tomorrow

The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices.
The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion since last Wednesday’s high, according to S&P Dow Jones.

Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The S&P 500′s two-day loss of 6.3% was the largest for the benchmark since August 2015, when the Chinese government devalued the yuan amid the U.S.-China trade war.
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#2
That is true, But FD these days is barely returning 4 to 5 after taxes. It is definitely bad times for risk-averse investors. Global & Indian stock markets are sustaining what was hitherto thought unsustainable.
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