The Daily Populous Friday March 14th, 2025 evening edition
Authored by cnbc.com and submitted by justthebit

A trader reacts while working on the floor of the New York Stock Exchange on Feb. 25, 2025.

That makes for a total loss of about $5.28 trillion in about three weeks.

The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday's decline put the index's market value down to $46.78 trillion.

The S&P 500 's rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value.

The S&P 500 has gone from a record high to down 10% in less than a month.

The decline has come in the shadow of President Donald Trump's burgeoning trade war with several of the United States' major trading partners, with headlines about tariffs at times seeming to drive market moves. There have also been signs of slowing economic growth, with weak consumer sentiment surveys and tepid outlooks from retailers like Walmart.

"Our interactions with clients indicate that the mood music is changing. While many see recession talk as premature, concerns about erratic policy from the new administration abound, with the 'uncertainty tax' hitting growth expectations," Barclays strategist Emmanuel Cau said in a note to clients.

Another contributing factor to the decline appears to be the unwind of the growth trade related to artificial intelligence. Since Feb. 19, Nvidia is down 17% and the Roundhill Magnificent Seven ETF (MAGS) has fallen 16%.

The run up in those AI-related stocks before the correction had raised concern that the stock market was too richly valued, with several names at times having their own market caps above $3 trillion. Even now, the S&P 500 is trading at 24.1-times its trailing 12-month earnings, according to FactSet, which is well above its long-term average.

Correction: Since Feb. 19, Nvidia is down 17% and the Roundhill Magnificent Seven ETF has fallen 16%. An earlier version misstated the date and a percentage.

verbosechewtoy on March 14th, 2025 at 13:10 UTC »

Fox News literally took their stock market ticker off their website and have scrubbed all news of the downturn from their pages. Real North Korean vibes.

--John_Yaya-- on March 14th, 2025 at 12:51 UTC »

Looks like Trump was right:

"It just seems that the economy does better under the Democrats than the Republicans. Now, it shouldn't be that way. But if you go back, I mean it just seems that the economy does better under the Democrats. ...But certainly we had some very good economies under Democrats, as well as Republicans. But we've had some pretty bad disasters under the Republicans." -- Donald Trump, 2004 interview with CNN's Wolf Blizter.

llahlahkje on March 14th, 2025 at 12:38 UTC »

This happened in his first term, too, but it took longer.

Economists warned everyone.

Plenty of people warned everyone.

But the MAGA cult wouldn’t listen and almost 100 million people couldn’t be bothered to show up.

So here we are. Again.