Global Stock Markets Hit Record $148 Trillion Market Capitalization in October
Worldwide equities surged 19.3% year-on-year, adding $75 trillion since 2020 lows and nearly doubling in value over the past four years.
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Terms & Concepts
- Market Capitalization: The total value of a company's outstanding shares or, in this case, the combined value of all publicly traded companies.
- YoY (Year-on-Year): A comparison of a statistic for one period with the same period the previous year, used to assess growth or decline.