$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.
