$1 Trillion Erased from Stocks So Far in 2016
January 12th, 2016Via: CNN:
Wall Street’s disastrous start to 2016 has caused roughly $1 trillion to vanish from the stock market.
The eye-popping losses highlight the deep fears that has gripped financial markets over China’s economic slowdown and crashing oil prices.
That one-two punch caused the Dow and S&P 500 to suffer their worst start to a trading year on record last week.
The S&P 500’s market valuation has plunged by $1.04 trillion since the end of 2015, according to S&P Dow Jones Indices.
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