U.S. stock market has now erased entire $11.5 trillion added since Trump's election

by Adam Ford · Mar 12th, 2020 4:44 pm

With its Thursday nosedive, the U.S. stock market has officially erased all of the huge gains it had added since the election of President Trump, Business Insider reports:

The total market cap of the US equities market, as measured by the Russell 3000 index, has declined by $11.5 trillion from its February 19 peak to $23.8 trillion as of Thursday morning.

The current market cap is roughly equal to the size of the stock market when Donald Trump emerged victorious in the 2016 election.

Coronavirus fears, as well as an oil-price war between Saudi Arabia and Russia, have crushed stocks in the past three weeks.


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