US Futures Fall, $2 Trillion Erased as Tariff Shock Hits Stocks, Bitcoin - Decrypt
decrypt.co
Sweeping tariffs from Trump sent U.S. futures and Bitcoin lower, as investors fled risk amid fears of rising inflation and slowing growth.
  • btaf45@lemmy.worldOPEnglish
    1·
    3 days ago

    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.