The index fell 3. 8% on monday, its biggest single-day drop since october 2022. · billionaires are feeling the burn amid fallout from trump’s tariff announcement— with the stock market crash leading to names like warren buffett, larry ellison, and mark zuckerberg losing. Markets opened for trading on monday, techs megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the nasdaq into correction territory last week. Stock market is facing a severe downturn, shedding $5 trillion in just three weeks as uncertainty grips wall street. · at intraday lows, with the index 4. 7% lower, the amount of market value wiped out exceeded $1 trillion. So, what have we learned from these. Similarly, a correction is a fall of 10%+, but under 20%. Generally, a stock- market crash is a drop of 20%+ from a recent peak. · though the initial drop was dramatic, the market ultimately recovered in just four months—the fastest recovery of any market crash over the past 150 years. · the problem, for sorkin, isnt simply that the stock market is at record highs—its that its happening despite a fundamentally worsening economy and geopolitical uncertainty. The s&p 500 has plunged 10% from its peak, with losses fueled by trade war tensions, slowing economic growth, and a sharp decline in ai-related stocks like nvidia.

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