Published August 21, 2015 5:00pm EDT | Updated August 21, 2015 5:03pm EDT

S&P 500 Sheds $1.1 Trillion In Market Cap Over Week

The S&P 500 dropped 64.84 points, or 3.2% on Friday and lost 5.8% of its value over the past week, settling at 1,970.89. The brutal selloff wiped $1.1 trillion off its market value over the week, according to FactSet.