S&P 500 swings $2.9 trillion across three major moves during a Fed day, signaling market volatility amid reduced central bank guidance.
Macro & Markets ·
The S&P 500 experienced three sharp reversals during a single trading session, with cumulative market-cap swings totaling approximately $2.9 trillion. From 9:30 AM to 12:15 PM ET, the index declined 85 points and shed $770 billion in value, followed by a rebound adding $1 trillion between 12:15 PM and 2:55 PM, then another drop of 120 points erasing $1.1 trillion by 3:45 PM ET. The volatility reflects reduced central bank guidance, leaving markets without the directional clarity that previously anchored trading behavior.