{"id":388588,"date":"2018-12-10T14:00:06","date_gmt":"2018-12-10T13:00:06","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-stocks-tanked-1-trillion-in-just-four-days\/"},"modified":"2018-12-10T14:00:06","modified_gmt":"2018-12-10T13:00:06","slug":"presstv-us-stocks-tanked-1-trillion-in-just-four-days","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-stocks-tanked-1-trillion-in-just-four-days\/","title":{"rendered":"PressTV-US stocks tanked $1 trillion in just four days"},"content":{"rendered":"<div>\n<p><strong>In a shocking start to December, US stocks plummeted in value by about $1 trillion in just four days of trading.\u00a0<\/strong><\/p>\n<p>The Russell 3000 in New York took a 4.9-percent plunge as of Friday, as concerns about slowing global growth as well as the ongoing trade war between the US and China deepened a six-week rout in American stocks.<\/p>\n<p>Technology giant Apple lost 5.4 percent of its value, slipping to $45 billion, while Amazon suffered a 3 percent slide that left it worth $24 billion less than what it was a week before, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-09\/asia-stocks-to-drop-on-china-data-trade-tension-markets-wrap\">Bloomber reported<\/a>.<\/p>\n<p>\u201cWhat the market is doing is repricing stocks, particularly those that have performed extraordinarily well, to a lower growth rate,\u201d Ernie Cecilia, chief investment officer at Bryn Mawr Trust Co., told Bloomberg.<\/p>\n<p>\u201cWhen you\u2019re going through corrections or drawdowns, you get the feeling like they have never happened or that they never will end,\u201d he said.<\/p>\n<p>This is bad news for investors, who entered December&#8230;<\/p>\n<\/div>\n<p> <a href=\"http:\/\/www.presstv.ir\/Detail\/2018\/12\/10\/582517\/US-stocks-value-loss-December-trade-war\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a shocking start to December, US stocks plummeted in value by about $1 trillion in just four days of trading.\u00a0 The Russell 3000 in New York took a 4.9-percent plunge as of Friday, as concerns about slowing global growth as well as the ongoing trade war between the US and China deepened a six-week [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-388588","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/388588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=388588"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/388588\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=388588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=388588"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=388588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}