News
S&P 500 Loses Over $1 Trillion in Market Cap Last Week
The S&P 500 benchmark index finished below its 200-day moving average on Thursday amid ongoing geopolitical tensions. The U.S. stock market has been under pressure, losing over $1 trillion in market capitalization last week.
The U.S. stock market has been under pressure for the fourth straight week, amid the ongoing Israel-U.S.-Iran war. According to Bloomberg, the S&P 500 finished below its 200-day moving average on Thursday, a key level that could trigger forced selling. Sameer Samana, Head of Global Equities and Real Assets at Wells Fargo Investment Institute, told Bloomberg that the market bias has been lower, and the true test will be what investors decide to do before the weekend. Financial Sense, which began in 1985 as a local talk radio program, provides educational resources through a daily podcast, editorials, current news, and resource links. Financial Sense Newshour is a weekly webcast hosted by Jim Puplava, featuring financial thinkers. The writing staff of Financial Sense includes Jim Puplava, Chris Puplava, Ryan Puplava, and Cris Sheridan.
Key Facts
- The S&P 500 lost over $1 trillion in market capitalization last week.
- The U.S. stock market has been under pressure for four straight weeks.
- The S&P 500 finished below its 200-day moving average on Thursday.
- The 200-day moving average is a key level that could trigger forced selling.
- Sameer Samana noted the market bias has been trending lower.
- Financial Sense provides financial resources through podcasts, editorials, and news.
- Financial Sense Newshour is a weekly webcast hosted by Jim Puplava.
Primary Source
Research Sources
- Seeking Alpha — This Week's Market Wrap: Cash Me On The Sidelines
- Republic World — Israel-US-Iran War: S&P 500 Shreds Over $1 Trillion Market Cap Last Week