Massive tech sell-off wipes $2.5 trillion from the stock market
Published . Updated .
Covered by 2 outlets: KTEN, news8000.com.
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New York (CNN) — A punishing sell-off rippled through Wall Street on Thursday, wiping out roughly $2.5 trillion in market value from the Nasdaq Composite on fears that Democrats’ midterm
Directly affected
- No company is named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF-0.5% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- IWM iShares Russell 2000 ETF-2.8% 30d
iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- RSP Invesco S&P 500 Equal Weight ETF
Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- VTI Vanguard Total Stock Market ETF
Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DIA | +0.47% | +0.48% | base | after close | after close | after close | after close |
| QQQ | +6.56% | +5.75% | base | after close | after close | after close | after close |
| IWM | +3.08% | +3.25% | base | after close | after close | after close | after close |
| RSP | +0.68% | +1.10% | base | after close | after close | after close | after close |
| VTI | +3.09% | +2.95% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Massive tech sell-off wipes $2.5 trillion from the stock market KTEN
Source: KTEN
This story
| Company | When | Move | Status |
|---|---|---|---|
| DIA | three days earlier | +0.48% | final price |
| DIA | five days earlier | +0.47% | final price |
| IWM | three days earlier | +3.25% | final price |
| IWM | five days earlier | +3.08% | final price |
| QQQ | three days earlier | +5.75% | final price |
| QQQ | five days earlier | +6.56% | final price |
| RSP | three days earlier | +1.10% | final price |
| RSP | five days earlier | +0.68% | final price |
| VTI | three days earlier | +2.95% | final price |
| VTI | five days earlier | +3.09% | final price |
This story
25 out of 100
“Massive tech sell-off wipes $2.5 trillion from the stock market” scores 25 out of 100. The score uses 2 sources.