ILUSTRASI. Facebook CEO Mark Zuckerberg is seen through reflective glass as he sits in the office of Senator Bill Nelson (D-FL) while he waits for a meeting in the Hart Senate Office Building in Washington, U.S., April 9, 2018. REUTERS/Leah Millis
Source: businessinsider.com | Editor: I knew Laoli
KONTAN.CO.ID – NEW YORK. The stock market in the United States (US) took a hit in trading earlier this week. In trading Monday (26/10), US stock exchanges took a hit due to the increase in Covid-19 cases across the US and around the world.
As a result, the 10 richest Americans collectively lost US $ 14 billion or the equivalent of Rp.204.4 trillion (exchange rate of Rp.14,600 per US dollar) in one day, As reported by Forbes.
In Monday trade, the Dow Jones Industrial Average was down 650 points, the S&P 500 was down 1.9%, and the Nasdaq Composite was down 1.6%.
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The market decline came as the US reported a record spike in Covid-19 cases in addition to a lack of a second stimulus plan ahead of future earnings reports from technology companies.
The congressional meeting was postponed on Tuesday without concluding a deal, meaning talks on stimulus may not take place until December.
According to Forbes, the biggest one-day loss was suffered by Facebook boss Mark Zuckerberg, whose net worth was around $ 101.8 billion after Monday’s market close. Mark lost US $ 2.8 billion.
Bill Gates’ net worth has also taken a hit of $ 1.7 billion, but the tech giant still has more than $ 115 billion in wealth, according to Forbes.
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