this post was submitted on 14 Mar 2025
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United States | News & Politics

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U.S. stock market loses $5 trillion in value in three weeks (www.cnbc.com)
submitted 2 days ago by BrikoX@lemmy.zip to c/usa@midwest.social
8 comments fedilink hide all child comments
 

The S&P 500 has fallen more than 10% from its record high, entering a correction and shedding trillions of dollars in market value.

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[–] PortoPeople@lemm.ee 42 points 1 day ago (2 children)

I was told Republicans are better for the economy than Democrats though.

[–] Jaderick@lemmy.world 36 points 1 day ago

Conservatives will confidently tell you a nail is a screw, even having never picked up a toolbox in their life. When you ask too many questions they’ll start screaming nonsense or gaslight you.

Their words mean nothing.

[–] GrumpyDuckling@sh.itjust.works 26 points 1 day ago (1 children)

Investors pulling out cash so they can buy up everything during the recession.

[–] DogPeePoo@lemm.ee 11 points 1 day ago

Exactly. This shit is by design.

[–] frustrated_phagocytosis@fedia.io 6 points 1 day ago

Funny that we're not seeing mass layoffs on Wall Street despite all of this. Losing this much value in a month still leaves brokers with viable business? It's weird.

[–] ZugZugDaBou@sh.itjust.works 3 points 1 day ago

This seems to concede with something else that happen 3 weeks ago..

[–] Fingolfinz@lemmy.world 4 points 1 day ago

I’m that scene where Kramer is smiling and nodding because Jerry lost more money in his stocks