Investors have lost $1.78T so far this year

Posted online February 15, 2016 | 12:39 pm

It’s been rough for investors in 2016 – who, as of Friday, had lost a total of $1.78 trillion.

Since Jan.1, the Standard & Poor’s 500 dropped 10.5 percent, averaging roughly $57 billion lost each day the market opened.

Citing World Bank data, Fortune reports the loss is nearly equal to the entire 2014 GDP of Canada.

The biggest value losses of the year were Amazon.com Inc. (Nasdaq: AMZN) at $85.9 billion, Bank of America Corp. (NYSE: BAC) at $64.2 billion and Alphabet Inc. (Nasdaq: GOOG) at $50.9 billion.

Read more from Fortune.

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