This was my first thought as well. $2T sounds life a lot but but I had no idea how much is actually in the market. Apparently $2T is nothing because even my index fund for the S&P 500 went up today.
Apparently $2T is nothing because even my index fund for the S&P 500 went up today.
That price yesterday was determined at market close 4pm EST and before the tariff announcement.
The $2 trillion loss was in futures trading after the market closed yesterday. It represents 4% of the total market cap of the S&P index. As of right now, the S&P is still down 4% for the day.
This was my first thought as well. $2T sounds life a lot but but I had no idea how much is actually in the market. Apparently $2T is nothing because even my index fund for the S&P 500 went up today.
That price yesterday was determined at market close 4pm EST and before the tariff announcement.
The $2 trillion loss was in futures trading after the market closed yesterday. It represents 4% of the total market cap of the S&P index. As of right now, the S&P is still down 4% for the day.
Well, damn.