Mini crash on Wall Street: The S&P 500 has lost 5.28 trillion. dollars in three weeks – anxiety for Monday

The rapid decline of up to 10% of the S&P 500 index (the 500 US -largest US index) from its historical high has eliminated trillions of dollars from total market value in recent days. According to the Factset, the market value of the S&P 500 at the high of February 19 was $ 52.06 trillion. Thursday’s drop reduced the value of the index to $ 46.78 trillion. This translates into total losses of about 5.28 trillion dollars over three weeks, while the eyes are now turning to the opening of stock markets on Monday, where fears are fearing that there will be a new decline. The decline is in the shadow of President Donald Trump’s escalating trade war with several of the main trading partners of the United States. Deals about duties seem to affect market movements from time to time. At the same time, there are signs of economic growth, with weak consumer climate indicators and restrained forecasts by retail companies […]
Source: News Beast

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