S&P 500 loses $2.2 trillion in 55 minutes; Nasdaq 100 approaches bear market territory.
Macro & Markets ·
The S&P 500 shed $2.2 trillion in market value over a 55-minute span, with the day's losses reaching twice the magnitude of the previous day's post-election gains. The Nasdaq 100 index moved within approximately 6% of bear market territory during the decline.
The speed and scale of the equity market drawdown marked a sharp reversal from recent momentum. The comparison to the prior session's rally underscored the volatility and directional shift in investor sentiment.
The precise triggers for the selloff and whether the Nasdaq 100 subsequently closed closer to or further from the bear market threshold remain unclear from available reports.