US Stocks Shed $1 Trillion in Sharpest Single-Day Rout Since 2020

Roughly $1 trillion in US equity market capitalization evaporated in Tuesday's session, the sharpest single-day destruction of value the market has seen since the 2020 COVID crash. The move hit every major index: the S&P 500, Nasdaq, and Dow all closed deep in the red, with breadth near 100%…