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By mid-2002, the market had lost an estimated $7 trillion since its peak in 2000. The NASDAQ dropped to 1997 levels, and Standard and Poor's 500-stock index lost more than 40 percent of its value.
a crash
10 trillion
Nearly 60% on an average
Many people thought putting investments in the stock market was a good way to gain money. It was a first, until the stock market crashed and many people lost the money they invested, their jobs, homes, and families.
The "stock market" refers to the sum of all the shares of stock that are publicly owned. The "value" of a share of stock is simply an estimate of what someone would pay you for that share if you chose to sell it. If you own a share and continue to own that share, what you own is the stock. In that case, you don't own money - any amount of money - you just own the stock. So when "the stock market" "loses value" no real money is lost - except from stock owners who choose to sell at low prices. The value lost is the amount of money that WOULD be lost by the current stock owners if all the shares were sold.
"The equity market, also known as the stock market, can be quite volatile. Many fortunes have been won and lost by ""playing"" the market."
On Black Tuesday, the stock market lost billions of dollars :(
The Stock Market crash. It is also called Black Tuesday and the year is 1929.
If they worked for the rich, they might have lost their job. But then again, many people lost their jobs.
negative integers mean the stock price lost that amount. that is why you will also see thenegative integers in the color red.
People lost money and went into debt.