Global stock markets have lost $6 trillion in value in six days

Global stock markets have lost $6 trillion in value in six days

[Ed. – Equally sobering is the fact that we may not have hit rock bottom.]

Global markets have lost $6 trillion in value over the past six days, according to S&P Dow Jones Indices.

Stock markets around the world are plunging into correction territory as investors fear the surging of coronavirus cases outside of China will escalate the deadly virus to a pandemic.

The market sell-off also wiped about $4 trillion from U.S. stocks in the same period, according to the firm’s Senior Index Analyst Howard Silverblatt. The Dow Jones Industrial Average, S&P 500 and Nasdaq are all in correction territory, down at least 10% from their most recent high.

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Stocks have cratered this week, as investors panic about the deadly coronavirus spreading and denting global growth.The Dow has lost more than 3,200 points this week. The S&P 500 is down 10.8% this week, on pace for their worst week since the financial crisis. It was down last Thursday and Friday as well.

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