Wall Street futures plummeted this week amidst news that a University of Nebraska-Lincoln freshman has made charges to his student account experts believe to be equivalent to 3 percent of the United States’ GDP, or $538 billion.

18-year-old Rex Davidson is the student responsible for the higher than average spending.

“We honestly have no idea how this happened,” said Collette McCurdy, Director of Student Accounts at UNL. “There’s supposed to be a monthly limit, but our only conclusion so far is that his spending was so inordinate that it passed our restrictions.”

The DailyER has learned of some of the charges that Davidson is responsible for, which include $174 million on new Husker gear and $1.6 billion at Husker Hoagies, a popular grab-and-go dining option on campus.

“It’s pretty sick,” said Bryan Scott, Davidson’s roommate. “He just came back to our room one day and handed me 17 new MacBooks. I was like, ‘bruh, sick.’”

This oversight has more than just Wall Street worried. Just ask Davidson’s parents.

“We have been saving our entire adult lives for Rex to go to school,” said Diane Davidson, Rex’s mother. “Are they not teaching him anything about money management?”

Despite all of the confusion and panic, one person seems the most comfortable amidst all of the chaos.

“Nah, it’s fine,” Rex said. “My scholarship should cover it.”

At press time, the most substantial charge on Rex’s student account was still his tuition.