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U.S. stock market loses $5 trillion in value in three weeks (www.cnbc.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Summary

The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.

The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.

Barclays strategist Emmanuel Cau noted rising uncertainty among investors.

The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.

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[–] [email protected] 5 points 1 day ago (1 children)

My believe is at some point the lobbyists of the 1% that have seen their wealth eroded by a sizeable chunk will have a stern discussion with the orange megacunt and he will back down to just a regular orange cunt.

Anyone with half a brain will know that ww3 will kill any semblance of power and influence the wealthy have now. This isn't the Fallout universe where a select few will rise from the ashes. It will kick us closer to the age of strife in 40K

[–] [email protected] 2 points 1 day ago

Unfortunately, if we're using history as a guide here, we see that this isn't what happens in other fascist regimes. Instead, the "industry titans" capitulate to the dictator, and the dictator treats them as a piggy-bank and pushes them out of a window anytime they need more funds for the "state".