The S&P 500 has bygone well over $1 trillion in market value just three vocation days into February.
On Monday, the index closed nearly 6.2 percent discredit for February. At that level, the benchmark stock index has lost $1.6 trillion in superstore capitalization since the close on Wednesday, Jan. 31, according to CNBC matter. The S&P briefly was down more than 5 percent for February before take a turn for the bettering slightly to close 4.1 percent lower.
Google parent Alphabet, Wells Fargo, Berkshire Hathaway, Apple, Microsoft and ExxonMobil must seen the biggest losses, with each name losing at bantam $30 billion from their market capitalization since Jan. 31. Alphabet perplexed more than $75 billion in market value.
The S&P 500 on Monday expunged gains for the year so far. Stocks have sold off sharply in the last week as distributors worried about rising interest rates.
— With reporting by CNBC’s Chris Hayes.