Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.” That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly known as Twitter), who pointed out that the […]