Since it peaked at an estimated $24.84 trillion on 20 September 2018, the S&P 500 (Index: SPX) has lost about $2.557 trillion in its total market capitalization through the close of trading on Monday, 29 October 2018, bringing its market cap down to $22.28 trillion, which is below the level where it closed 2017.
Just five firms account for more than $1 out of every $5 of the total net loss of market cap that the S&P 500 has seen since 20 September 2018: Amazon (Nasdaq: AMZN), Alphabet A and C (Nasdaq: GOOGL and GOOG), Facebook (Nasdaq: FB), and JP Morgan Chase (NYSE: JPM). The following chart illustrates the disproportionate bite that the market cap losses in these five firms has taken out of the S&P 500's net market cap loss over the last five weeks.
The really astounding thing is that much of this loss has come just during the last two days of trading!
Investors who hold a larger share of these individual stocks in their investment portfolios than their component weighting in the S&P 500 index are feeling more pain than those who invested in the index itself in the market's latest correction. In particular, Amazon's decline has been particularly noteworthy, as the company has gone from becoming the second in history to touch a trillion dollar market cap in nominal terms to now losing its place as the second-most valuable company in the U.S. in just the matter of five weeks, as the company has shed $200 billion of its market cap.
Labels: data visualization, market cap, SP 500
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
CSS Validation
RSS Site Feed
JavaScript
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Other Cool Resources
Blog Roll
