Up Up and...Oh No Down!
Greetings citizens of Earth! It's your friendly neighborhood Superman reporting from the Fortress of Solitude... which by the way could probably use a little market boost itself. Seems like even I can't outfly a crashing stock market! Now I've seen planets explode but this... this is a different kind of disaster. We're talking about real world repercussions for you my friends and that’s worth more than all the Kryptonite in Lex Luthor's pockets.
The Great Plunge: A Super Overview
The S&P 500 closed last Friday with a market capitalization of $42.99 trillion. That’s after losing a staggering $5.06 trillion in just two days – a 10.5% drop since Wednesday when let’s just say certain trade winds shifted. But as Pa Kent used to say “The time to worry is when you stop trying to fly.” And let's face it this decline since February is the real stinger. Remember mid February? Good times. The S&P 500 was soaring high valued at $52.05 trillion. Since then? Down 17.4%. Ouch! That’s enough to make even steel buckle.
American Markets Feel the Sting
The entire U.S. stock market isn't doing much better! It also hit its peak in mid February. Since then it's seen a decline of $10.82 trillion (18.1%). As powerful as I am even I can't lift those kinds of losses! It's like trying to stop a runaway train with a… well with less than a locomotive. But hey at least we're all in this together right? Even Lex Luthor probably lost a few bucks. (Though knowing him he probably shorted the market first.)
Global Fallout: Not Everyone's Down in the Dumps
Now here's where things get interesting. The global stock market capitalization – all 48 countries in the mix – also peaked in February at $93.84 trillion. Since then it's down $12.88 trillion or 13.7%. That sounds bad but it’s not as catastrophic as the S&P 500's 17.4% plummet. Why? Because Europe and Asia decided to show off a bit outperforming us since February. Good for them I guess but I'm more of a 'Truth Justice and the American Way' kind of guy.
America Leads the Way...Down?
Check this out! When you take the U.S. out of the global equation the decline is only 6%. Looks like we led the global rally and now we're leading the downturn. It’s like that time I accidentally pulled the Earth a little too hard trying to stop a meteor. Oops! The question now is whether the rest of the world will follow us down the rabbit hole. (Or should I say the Fortress of Gloom?)
Hope Springs Eternal (Even in a Recession)
Bottom line? The U.S. is taking a beating. But don't despair! As my father Jor El wisely said “They can be a great people Kal El they wish to be. They only lack the light to show the way.” We just need a little economic sunshine! So keep your chins up Earthlings! Maybe I'll try spinning the world backward again to fix this... no promises though. Last time I created Bizarro. And nobody wants that.
stock market market capitalization S&P 500 global markets US economy financial news investment market decline tariffs economic impact
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almasgurl
I'm selling everything and moving to Krypton. Oh, wait...
JLPINKNEY
This is why I only invest in comic books. They're always valuable!
waypad
Can Superman just fly around the world really fast and fix the economy?
coslhanu
If Lex Luthor is behind this, I'm gonna be so mad!
jules59
Thanks, Superman, for making me feel even more broke!
missintrigue
I knew I should have listened to my grandmother and invested in gold.
nik061382
Is this the end of the world as we know it?
sendaljepit
So, should I panic now, or later?
distortedwon
Time to start stockpiling canned goods. Just in case.
subnuclear
Maybe we should all invest in Kryptonite futures. Just in case.