How big is the stock-market selloff? The S&P 500 erased $9.3 trillion from its market cap

Stocks, bonds and everything in between have been hard-hit this year as fears about high inflation have morphed into concerns about a potential U.S. recession.
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index (.SPX.US)$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop in the S&P 500’s market capitalization to around $33 trillion (see chart), according to Bespoke Investment Group.
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