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The Maltese Herald

Blood in the streets as 2-day sell-off wipes off $5 trillion from the US stock market

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Maltese Herald
in , ,

The US stock markets have had one of the worst weeks in history after a two-day sell-off wiped out up to $5 trillion in market value. The stock market crash began as soon as President Trump announced tariffs on everyone. Many stock markets across the world followed suit with the German stock market going back to where it was last December.

Yesterday’s downward move of 5.9% was the biggest daily decline in the S&P500 since March 16th, 2020, during the COVID-19 market crash when the S&P 500 dropped by up to 12%. The S&P500 dropped by up to 9% this week.

Veteran traders on the floor of the New York Stock Exchange said they have not seen this level of uncertainty in a very long time, accusing the government of lacking a definite and concrete plan moving forward.

 

 

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3 responses to “Blood in the streets as 2-day sell-off wipes off $5 trillion from the US stock market”

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    […] US Treasury Secretary Scott Bessent described last week’s oil crash as underreported by the media, noting that oil prices have a greater impact on ordinary people than the stock market. […]

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    […] by Treasury Secretary Scott Bessent and by President Trump himself in a press conference. The stock market crashed last week after President Trump announced his global […]

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