U.S. Stocks Briefly Lose $3 Trillion as Decline Narrows to $2.5 Trillion

U.S. stocks briefly lost about $3 trillion in market value during the session before a partial rebound cut the estimated decline to roughly $2.5 trillion as trading continued. About an hour after the 9:30 a.m. ET opening bell, the market’s aggregate value was down about $2.3 trillion. Losses widened as the S&P 500 fell to an intraday low near 7,394 points, down about 3.83%, and estimated market-value losses reached roughly $3 trillion. The decline later narrowed to about $2.5 trillion as stocks recovered from the session low.

Source: TokenPost