March 23rd news: President Trump stated that the United States and Iran have had productive discussions with the hope of ending the Iran war. Within minutes, the S&P 500 index surged by 240 points, adding $2 trillion to its market capitalization. Twenty-seven minutes later, Iran completely denied all of Trump's claims, stating there had been no contact with the United States. By 8:00 AM, the S&P 500 index had fallen by 120 points, erasing $1 trillion in market value. This means the S&P 500 index saw a market capitalization fluctuation of $3 trillion in just 56 minutes. (The Kobeissi Letter)
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S&P 500 Swings by $3 Trillion in One Hour Amid Trump-Iran Rhetoric
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