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US Market Plunge: $700 Billion Wiped Out in Wall Street Sell-Off
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Wall Street Bloodbath: $700 Billion Erased in Brutal US Market Sell-Off
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News18
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24-02-2026, 11:14
Wall Street Bloodbath: $700 Billion Erased in Brutal US Market Sell-Off
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US equities experienced a sudden sell-off, wiping out nearly $700 billion in market value within minutes.
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All three major indices (Dow Jones, S&P 500, Nasdaq) fell sharply, indicating broad-based risk aversion.
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IBM plunged nearly 13% after an AI tool, "Claude Code," threatened its legacy COBOL modernization business.
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Technology and consumer stocks, including Microsoft, Salesforce, and American Express, also saw significant declines.
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Fresh tariff comments from Donald Trump and fears of AI-driven unemployment added to market volatility.
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