BusinessRs 83000000000000 wiped out from US stock market in one day due to..., Elon Musk loses...Nasdaq saw its first major single-day percentage decline since October 2022 losing $1 trillion (Rs 83 lakh crore). On Thursday, the S&P 500 dropped 2.31 at 5,427.13, the worst one-day trade since December 2022. The American benchmark that tracks the performance of 500 of the largest companies listed on the US stock exchange experienced its worst single-day performance. Meanwhile, the Nasdaq saw its first major single-day percentage decline since October 2022 losing $1 trillion (Rs 83 lakh crore). The biggest loser was Tesla CEO Elon Musk, whose fortune fell by $17.1 billion to $231 billion as the result of a 12% decline in Tesla shares.

Source: dna July 25, 2024 08:19 UTC