Over the past 24 hours, the value of the largest US public companies has fallen by just over three trillion dollars.
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Leading the decline are the major chip and microelectronics manufacturers, as well as Elon Musk's Tesla.
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In total, Elon Musk-owned SpaceX and Tesla have combined to lose more than $420 billion in market value since the Democratic victory in the US midterm elections.
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In terms of traded stocks, today was the worst day for the S&P 500 since March 13, 2020, when the lockdown measures were announced.