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Musk says US stock sell-off is one he rarely sees as market value drops

NewsFeeds update

The Macro Paper said US stocks shed $2.8tn in market value in a day, the largest single-day loss on record and above the pandemic-era $2.69tn, with readers noting about $2tn on the day versus $3.5tn on 16 March 2020. Musk replied that he rarely sees such moves.

MacroOdailyAIBearish

Read the original on Odaily

More Macro updates

  1. Morgan Stanley says leveraged ETF selling reached $57bn in 5 Nov US stock rout

    MacroBloomingbitAIBearish

  2. Shanghai Stock Exchange says listed companies' market value tops 65tn yuan

    MacroPANewsAINeutral

  3. Goldman Sachs says gold's slide is driven by speculative unwinding, not real rates

    MacroPANewsAINeutral

Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.