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S&P 500 Sees $1.8 Trillion Wipeout, Nasdaq Tallies Biggest Point Drop On Record. Here's What Investors Need To Know About Friday's Selloff.
MW S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record. Here's what investors need to know about Friday's selloff.The highflying semiconductor trade finally ran into trouble late this week. Stocks had a rough day, and a rough week.A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points - the biggest one day point drop on record, according to Dow Jones Market Data.That translated to a 4.2% decline for the index, the biggest in percentage-point terms since April 10, 2025, data showed. A 2.6% drop for the S&P 500 SPX on Friday was its worst since Oct. 10.Taken together, Friday's selloff wiped $1.8 trillion of market value from members of the S&P 500, according to Dow Jones Market Data.The tumult wasn't confined to stocks; prices of bonds and crude oil also fell. The 10-year Treasury note yield BX:TMUBMUSD10Y rose 4 basis points - 0.04 percentage poi
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