Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.

Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

      • Shardikprime@lemmy.world
        link
        fedilink
        arrow-up
        5
        arrow-down
        1
        ·
        18 hours ago

        Turns out the thing about people not having 500 USD in their accounts was real after all

        People are just realizing that they were not cooked, just merely marinating

    • Mirshe@lemmy.world
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      17 hours ago

      No actually. My job doesn’t offer one. Many people either are in the same position where their job doesn’t offer retirement benefits or they’re not paying into it because they need every last cent they can spare.