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workinclasszero

(28,270 posts)
Fri Dec 7, 2018, 11:28 PM Dec 2018

It Took Just One Week for a $1 Trillion Wipeout in U.S. Stocks

By Sarah Ponczek December 7, 2018, 2:14 PM CST

How bad has the start to December been for U.S. stock investors? Almost $1 trillion has been wiped from the value of stocks in just four days of trading.

The Russell 3000 has plunged 4.9 percent this week as of 3 p.m. Friday in New York, as the six-week rout in American stocks deepened amid concern global growth is slowing and the Trump administration will escalate trade tensions.

Apple’s 5.4 percent plunge lowered its value by $45 billion, while Amazon’s 3 percent slide left it worth $24 billion less than a week ago.


https://www.bloomberg.com/news/articles/2018-12-06/asia-signals-mixed-start-for-stocks-yields-drop-markets-wrap
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It Took Just One Week for a $1 Trillion Wipeout in U.S. Stocks (Original Post) workinclasszero Dec 2018 OP
The shorts made that trillion superpatriotman Dec 2018 #1
EVERY long position has a corresponding short position? NoMoreRepugs Dec 2018 #2
It's only a wipe out for those who sold at a loss. PoindexterOglethorpe Dec 2018 #3
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