500 Billion USD: Stock Market Wealth Wiped Out In One Day

September 23, 2011 1:56 am

We spotted this today:

” Investors watched $500 billion disappear from the stock market Thursday, putting the week’s losses at $1.1 trillion.

The Wilshire 5000 Total Market Index, the broadest index of U.S. stocks, lost 401.87 points, or just over 3%, Thursday as investors fled risky assets. That’s the biggest drop since August 18 and represents a paper loss for the day of approximately $500 billion.”

Statistics Source: CNN Money

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