U.S. stocks see biggest 2-day wipeout in history in wake of Trump’s tariffs

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Stocks erased a combined $6.6 trillion in value on Thursday and Friday

Last Updated: April 4, 2025 at 4:49 p.m. ET

First Published: April 4, 2025 at 12:30 p.m. ET

Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.

Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

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