Americans watch in horror as savings are WIPED OUT as Wall Street chaos sees trillions more dollars evaporate

 

Wall Street has had its worst two-day wipeout in history - with $6.6 trillion wiped off the value of US stocks.

After plunging yesterday, stocks crashed again on Friday as it looks increasingly likely that President Donald Trump's tariffs will cause a global recession.

US stocks have lost about $11.1 trillion in value since January 17 — the Friday before President Trump began his second term, according to MarketWatch analysis Dow Jones Market Data. 

About $6.6 trillion of that was wiped out on Thursday and Friday alone — marking the biggest two-day loss of shareholder value ever recorded, according to the data. 

Markets have seen bigger percentage drops, such as in 1929 when they tumbled 25 percent over October 28 and 29 that year, but never as much in dollar terms. 

This week's carnage has hit ordinary Americans whose retirement savings, including 401(K) are tied to the market. 

When markets closed in New York at 4pm, the S&P 500 was down 5.97 percent. The Nasdaq plummeted 5.82 percent and The Dow Jones 5.5 percent. 

That follows Thursday's losses for the three major US indices, which ranged between 4 percent and 6 percent. The S&P 500 had its worst since March 2020, when the pandemic crashed the economy.

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