S&P 500 Market Cap Sheds About $3 Trillion in One Day

Cointime reports: US stocks sold off sharply on November 6, with the S&P 500, Nasdaq and Dow all posting their largest single-day declines since April 3, 2025. The Nasdaq closed 11.9% below its record close set on October 6, formally confirming a technical correction. The Philadelphia Semiconductor Index fell 12.5%, its worst day since March 2020, and S&P 500 constituents lost roughly $3 trillion in combined market value.