U.S. stocks lost roughly $2 trillion in market value over two hours as investors searched for reasons behind the broad-based selloff. One market narrative points to investors raising cash ahead of SpaceX’s expected June 12 listing, with both retail and institutional investors potentially reallocating funds in anticipation of future index-related buying. Another explanation centers on positioning ahead of major economic or corporate developments, as selling pressure appeared across multiple asset classes. While the exact catalyst remains unclear, traders are closely watching upcoming events and market flows for confirmation of the selloff’s underlying cause.
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