S&P 500 Falls More Than 2%, Wiping Out $1.1 Trillion in Market Value
The brief market update says the U.S. large-cap stock index extended its daily losses beyond 2%, cutting roughly $1.1 trillion from market capitalization.
Summary
No Summary provided as the original text is short
Terms & Concepts
- Market capitalization: The total value of a company or index, calculated from share prices and shares outstanding.
- S&P 500: A benchmark U.S. stock index tracking 500 large publicly traded companies.