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U.S. stock market loses $5 trillion in value in three weeks

The U.S. stock market has experienced a significant downturn, losing approximately $5 trillion in value over the past three weeks, as reported by Bloomberg. This decline has been driven by a combination of factors including a sharp increase in bond yields, with the 10-year Treasury yield reaching its highest level since 2007 at 4.8%. The rise in yields has been influenced by the Federal Reserve's indication that interest rates might remain high for an extended period to combat inflation. This environment has led to a broad sell-off in equities, with the S&P 500 dropping nearly 8% from its July peak, and the tech-heavy Nasdaq 100 falling even more sharply. The market's reaction reflects growing concerns about economic growth, potential recession risks, and the impact of higher borrowing costs on corporate earnings and consumer spending.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/economy/u-s-stock-market-loses-5-trillion-in-value-in-three-weeks/ar-AA1AVbPs ]