The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market's top last year and $1.5 trillion in net wealth just this year.
The giant companies that predominantly populate the Standard & Poor's 500 have fallen an average of 8.9% this year — which, when translated into dollars, is real money. Real big money. The S&P 500 is down 8% this year already — including another 2.2% Friday — in what's been the worst start to a year ever. Since the market peak on May 21, 2015, the market has declined 11.7%.
The biggest wealth destroyers in the S&P 500 from the high have been gadget maker Apple (AAPL), pipeline company Kinder Morgan (KMI) and corporate software company Oracle (ORCL) — crushing $218 billion, $63.5 billion and $49.8 billion in market value, respectively, from the May 21, 2015, top.
Apple, AAPL, -26%, -$218
Kinder Morgan, KMI, -69.5%, -$63.5
Oracle, ORCL, -22.8%, -$49.8
Walmart, WMT, -18.7%, -$47.3
Berkshire Hathaway, BRKA, -12.7%, -$45.6
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http://www.usatoday.com/story/money/markets/2016/01/15/gone-stocks-rob-15t-investors-year/78845082/