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Will the S&P 500 recover to its August 1, 2024 level by December 31, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
S&P 500 index level as reported by major financial news sources like Bloomberg or Reuters
Story
$2.9 Trillion Wiped Out from US Stocks Amid Recession Fears
Aug 2, 2024, 03:45 PM
Over $2.9 trillion has been wiped out from major indices and the US stock market this morning due to growing fears of a global recession. This marks the worst day for stocks since March 16, 2020, during the COVID-19 pandemic fears. The significant drop reflects heightened investor anxiety about the economic outlook.
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Similar markets
Yes • 50%
No • 50%
Below 4,000 • 25%
4,000-4,200 • 25%
4,200-4,400 • 25%
Above 4,400 • 25%
Yes • 50%
No • 50%
Below 6,000 • 25%
6,000 to 6,250 • 25%
6,251 to 6,500 • 25%
Above 6,500 • 25%
S&P 500 up by more than 5% • 25%
S&P 500 up by 0% to 5% • 25%
S&P 500 down by 0% to 5% • 25%
S&P 500 down by more than 5% • 25%
