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The S&P 500 lost more than $2 trillion in market capitalization within 15 minutes in reaction to Trump tariffs. (decrypt.co)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 1 day ago (1 children)

This was my first thought as well. $2T sounds life a lot but but I had no idea how much is actually in the market. Apparently $2T is nothing because even my index fund for the S&P 500 went up today.

[–] [email protected] 1 points 22 hours ago* (last edited 21 hours ago) (1 children)

Apparently $2T is nothing because even my index fund for the S&P 500 went up today.

That price yesterday was determined at market close 4pm EST and before the tariff announcement.

The $2 trillion loss was in futures trading after the market closed yesterday. It represents 4% of the total market cap of the S&P index. As of right now, the S&P is still down 4% for the day.

[–] [email protected] 1 points 18 hours ago

Well, damn.