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