Coronavirus, oil collapse erase $5 trillion from U.S. stocks

Coronavirus, oil collapse erase $5 trillion from U.S. stocks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.. On the New York Stock Exchange, the number of shares hitting 52-week lows reached more than 3,500 on Monday, the biggest number of new lows since 2008.. Apple ( AAPL.O ) and Alphabet ( GOOGL.O ) have seen their values shrink by over $200 billion each, while Amazon ( AMZN.O ) has lost $170 billion in market capitalization.. The S&P 500 energy .SPNY index on Monday plunged 20% to its lowest level since August 2004 as investors reacted to the slump in oil prices.. Treasury US10YT=RR declining to another record low on Monday, the S&P 500 financials index .SPSY tumbled 11%, leaving it down 27% from its record high last month..