Wall Street Bloodbath: $700 Billion Erased in Brutal US Market Sell-Off

• US equities experienced a sudden sell-off, wiping out nearly $700 billion in market value within minutes.
• All three major indices (Dow Jones, S&P 500, Nasdaq) fell sharply, indicating broad-based risk aversion.
• IBM plunged nearly 13% after an AI tool, "Claude Code," threatened its legacy COBOL modernization business.
• Technology and consumer stocks, including Microsoft, Salesforce, and American Express, also saw significant declines.
• Fresh tariff comments from Donald Trump and fears of AI-driven unemployment added to market volatility.