1 US stock market opened sharply, evaporating about $960 billion in the past week

On Monday, May 13, US time, US stocks opened sharply. The Dow Jones Industrial Average opened 442.69 points lower, down 1.71% to 25,499.68 points. The S&P 500 opened 48.50 points lower, down 1.68% to 2832.90 points. The Dak Composite Index opened at 187.07 points, down 2.36% to 7729.87 points. In terms of individual stocks, Apple, which is closely related to the Chinese market, fell 5.5% and Boeing fell 2.8%. In the week from May 6 to May 10, the S&P 500 index, which has risen for 54 days in the 85 trading days since the beginning of the year, fell for four consecutive trading days, and fell 2.17% during the week, hitting 2019. The biggest weekly decline so far; the Dow fell 2.12%, the Nasdaq lost 3.03%, the US stock market value evaporated about 960 billion US dollars in the past week. US equity funds outflowed $14 billion, the largest since January 2019.