$1.1 Trillion Wiped Out: US Stock Market’s Worst Day Since 2022!

The US stock market experienced a significant downturn, marking its worst one-day performance since late 2022.

Key Indices:

➡️ S&P 500: Fell by 2.3%

➡️ Nasdaq Composite: Dropped by 3.64%

➡️ Dow Jones Industrial Average: Closed below 40,000 points for the first time in two weeks

Major Contributors:

➡️ Alphabet: Shares dropped by 5% due to lower-than-expected YouTube advertising revenue

➡️ Tesla: Shares plummeted by 12.3%, the largest one-day drop since 2020, due to lackluster earnings

Impact:

Over $1.1 trillion was erased from the US stock market's value in a single day.