January 14, 2015

cnn
$1 trillion Erased from stocks so far in 2016

By Matt Egan   @mattmegan5
January 12, 2016: 12:52 PM ET

Wall Street's disastrous start to 2016 has caused roughly $1 trillion to vanish from the stock market.

The eye-popping losses highlight the deep fears that has gripped financial markets over China's economic slowdown and crashing oil prices .

That one-two punch caused the Dow and S&P 500 to suffer their worst start to a trading year on record last week.

The S&P 500's market valuation has plunged by $1.04 trillion since the end of 2015, according to S&P Dow Jones Indices.

To put that stunning figure in context, it's like wiping out the combined value of the following tech giants: Google ( GOOGL, Tech30) ($508 billion), Facebook ( FB, Tech30) ($281 billion), Intel ( INTC, Tech30) ($154 billion), Netflix ( NFLX, Tech30) ($50 billion) and Yahoo ( YHOO, Tech30) ($29 billion).

The Dow's market cap has plunged by $310 billion through Monday's close, according to S&P Dow Jones Indices. That's equivalent to ExxonMobil ( XOM) ($309.5 billion) being erased from the index.

The Nasdaq, the star of 2015, is also off to a terrible start. It's down about 7% so far in 2016 and on Monday notched its eighth losing day in a row. That's the longest losing streak for the Nasdaq since 2008.

Small-cap stocks are getting rocked even more than their larger cousins. The Russell 2000 has already tumbled 7% this year and narrowly avoided closing on Monday in a bear market, which signals a 20% decline from previous highs.
Click Link:

http://money.cnn.com/2016/01/12/investing/stocks-lose-1-trillion-2016/

 

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