With the US stock market down nearly 7% yet again today, the total market cap of US companies as measured by the Russell 3,000 has fallen $11.5 trillion in less than a month. On February 19th, total US market cap was just over $35 trillion. It’s at $23.8 trillion as of this morning.
What makes this drop even more noteworthy is that $23.8 trillion was the market cap of US companies on Election Day 2016. At this point in time, all of the market cap gains seen since President Trump’s election victory have been wiped out. Visit our membership options page to learn more about Bespoke’s research.