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submitted 1 year ago by Redditsux@lemmy.world to c/news@lemmy.world

Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.

Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

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[-] pineapplelover@lemm.ee 1 points 1 year ago

Go woke go broke? Seems like when you go conservative you get absolutely ripped.

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[-] Fleur_@hilariouschaos.com 1 points 1 year ago

Can someone explain the tangible effects of this?

[-] Blackmist@feddit.uk 0 points 1 year ago

You're all going to be poorer.

[-] Fleur_@hilariouschaos.com 1 points 1 year ago

This doesn't explain anything. To do that you would have to say why.

[-] Burninator05@lemmy.world 0 points 1 year ago

You say that as if it won't likely affect you as well. Even if you're not American, the next decade will be worse financialy than the last. There are probably some exceptions, but not many.

[-] grrgyle@slrpnk.net 0 points 1 year ago

I'd be fine with that if it was for some grand project, like reversing climate change or wiping out global poverty, but it's not.

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[-] sowitzer@lemm.ee 1 points 1 year ago

To be selfish at this time, if I had 40k sitting in cash, do I have a chance to make good on this? Or are things too unstable to invest as just a dumb guy with some cash?

[-] Shardikprime@lemmy.world 0 points 1 year ago

Oh no, billionaires losing unrealized gains, what a shame

Let's flip the fuck out about it

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[-] SabinStargem@lemmy.today 0 points 1 year ago

I expect Musk to become the first trillionaire from all of this. Thing is, that trillion will be worth $100 Euros or any other form of currency that isn't attached to America.

May the money pit that Musk stands on, suck him in like a bog.

[-] CalipherJones@lemmy.world 1 points 1 year ago

Trillionaires already exist. They're just all in Zimbabwe.

[-] Rhoeri@lemmy.world 0 points 1 year ago

At least there’s no genocide in Palestine, right?

Right?

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this post was submitted on 05 Apr 2025
56 points (100.0% liked)

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