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Stock market losses wipe out $9 trillion from Americans’ wealth

Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year, according …

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A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939.

The Nasdaq Composite just notched the worst start to a calendar year in its history, dating back to 1971. To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P …

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Read More »

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