Coronavirus wipes out $1.7 trillion in US stock market value in two days

Coronavirus wipes out $1.7 trillion in US stock market value in two days

Gate Trade News Friday, February 28, 2020 34 1

 
  • The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices' Senior Index Analyst Howard Silverblatt. 
  • Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus.
  • The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow Jones Industrial Average in turning negative for the year.
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