📷 Image: Wikimedia Commons / Carol M. Highsmith
Business
Wall Street Slump: $2.5 Trillion Wiped Out as Nasdaq Hits 18-Month Low
✍️ The Times of India
🗓 06 Nov 2026, 09:39 AM
👁 12
Global financial markets faced a severe downturn as $2.5 trillion in market value evaporated, with the Nasdaq index recording its steepest decline in the last 18 months.
Global equity markets experienced a significant correction on the trading floor, resulting in the loss of approximately $2.5 trillion in combined market capitalization. The sell-off was particularly acute in the technology sector, driving the Nasdaq Composite to its lowest point in eighteen months.
The sharp decline reflects heightened investor anxiety and a rapid reassessment of valuation multiples across major indices. This volatility marks a distinct shift from the previous period of market optimism, prompting widespread risk-off sentiment among institutional and retail investors.
Market analysts are closely monitoring the sustainability of this drop, noting that the scale of the loss is among the most significant in recent history. The event underscores the fragility of current market structures and the potential for further turbulence in the coming sessions.
The sharp decline reflects heightened investor anxiety and a rapid reassessment of valuation multiples across major indices. This volatility marks a distinct shift from the previous period of market optimism, prompting widespread risk-off sentiment among institutional and retail investors.
Market analysts are closely monitoring the sustainability of this drop, noting that the scale of the loss is among the most significant in recent history. The event underscores the fragility of current market structures and the potential for further turbulence in the coming sessions.