S&P 500 erases $2 trillion in market value within 40 minutes
AI Summary
S&P 500 erased $2 trillion in market capitalization within 40 minutes.
$2 trillion in market value disappeared during the market decline.
The post-Midterm Election rally was completely erased by the move.
The S&P 500 erased $2 trillion in market capitalization in 40 minutes, wiping out its entire post-Midterm Election rally. The move was described as one of the fastest losses of stock-market value in history.