Black Thursday Spreads to Wall Street as US Stocks Reportedly Lose $790B at Open

The global equity selloff dubbed Black Thursday has reportedly reached Wall Street, with approximately $790 billion in US stock market capitalization erased shortly after the opening bell.
The losses follow reports that six major Asian equity markets collectively shed nearly $1 trillion earlier in the day, highlighting widespread selling pressure across global risk assets.
The simultaneous declines suggest heightened investor caution amid geopolitical uncertainty and concerns about the broader economic outlook.
However, both market capitalization estimates require independent confirmation, including the indexes and calculation methods used. Investors will be watching whether selling pressure persists throughout the US session or stabilizes as markets reassess the risks.