Sharp Losses in U.S. Markets… Tesla Loses $58 Billion in a Single Session

Al-Taj News – U.S. markets saw a sharp decline during today’s trading, with shares of several major companies recording notable losses.

Tesla shares lost around $58 billion in market value in a single day, coinciding with a sharp drop in Boeing shares.

Meanwhile, the S&P 500 posted its largest daily loss in five weeks, while the Russell 2000 index fell to its lowest level in four months.

In a related development, the probability of an interest rate hike at the October meeting rose to around 70%, as markets await indications of the direction of U.S. monetary policy.