ByTy Roush,
Forbes Staff.
The S&P 500 slid as trading opened Tuesday, shedding roughly $750 billion in wealth in recent days as President Donald Trump intensified his push for U.S. control over Greenland, as one economist noted the broader market losses equaled the value of the Danish territory.
The S&P dropped 1.2% as of Tuesday morning, following earlier losses as steep as nearly 1.4% after trading opened.
That equates to a $750 billion loss of wealth after the index—which tracks the largest U.S. companies—dropped nearly 1.7% over the last five days, according to University of Michigan economist Justin Wolfers, who noted the broader losses totaled what would be the estimated value of Greenland.
