US stocks lose $3.7T in sell-off as forced selling spreads to funds
AI summary
U.S. equities shed roughly $3.7 trillion in market value during Thursday's sell-off, with retail selling spreading to hedge funds and asset managers before automated strategies deepened the losses. Bloomberg's Nov. 6 account describes a broad Wall Street drawdown driven by forced selling across investor classes. Crypto traders watch such risk-off equity shocks closely because they often pressure digital assets through correlated deleveraging and tighter liquidity.
