News about market crash

The article calculates that repeating Black Monday's 20.47% S&P 500 decline from Friday's close would erase about 1,568 points, leaving the index near 6,092, and roughly $14.0 trillion in market value, and it stresses this is simple arithmetic rather than a prediction. On Oct. 19, 1987, the Dow closed 508 points lower and estimated worldwide losses reached $1.71 trillion, amplified by computer-driven portfolio insurance and program trading. The Fed then injected $17 billion of liquidity to steady markets. The S&P 500 fell 1.1% to 7,659.44 on Friday but is still up 11.9% this year, and warnings about an AI bubble have come from Michael Burry, strategist Joachim Klement and the IMF.