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Stock market wipes out over $1 trillion in a day

Summary by Finbold
The United States stock market suffered massive losses on Friday, erasing more than $1 trillion in value in a single day as weak labor data and policy uncertainty rattled investors. To put these losses into perspective, all three major indexes closed lower, with the Dow Jones Industrial Average plunging 542 points, or 1.23%, to close at 43,588, its worst one-day drop since June 13.  The benchmark S&P 500 sank 1.60% to end at 6,238, while the Nas…
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BitPinas broke the news in on Saturday, August 2, 2025.
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