$730 Billion Lost in US Stock Market in Single Day
The US equity market faced a sharp downturn, erasing $730 billion in value across major indexes in one trading session.
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Terms & Concepts
- Market Capitalization: The total value of a company's outstanding shares, calculated by multiplying the share price by the number of shares.
- Equity Market: A marketplace where shares of publicly held companies are issued and traded.
- Stock Index: A statistical measure that tracks the performance of a group of stocks, indicating overall market trends.