Official announcements from the U.S. Federal Reserve

U.S. Stock Market Loses Up to $1.2 Trillion in One Day

Sep 3, 2024, 08:25 PM

The U.S. stock market experienced a significant downturn today, with over $1.05 trillion wiped out in market capitalization. This substantial loss, which some reports estimate as high as $1.2 trillion, has been widely reported and marks a major financial event, often referred to as 'Black Monday.' Various sources confirm the magnitude of the market's decline, including the $SPY, highlighting the severe impact on investors and the broader economy.