More than $7 trillion has been wiped out from the stock market this year – CNN – Jahanagahi

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More than $7 trillion has been wiped out from the stock market this year

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. May 4, 2022. REUTERS/Brendan McDermid

The meltdown of 2022 has wiped out more than $7 trillion in market value from the blue chip stocks in the S&P 500. The index is down nearly 19% since the end of December. The Dow, which fell about 450 points Thursday, is down almost 14% as well. Tech stocks have been hit particularly hard. […]