Biggest 1-day drops for the Dow Jones industrial average - Western Mass News - WGGB/WSHM

Biggest 1-day drops for the Dow Jones industrial average

Posted: Updated:

By The Associated Press

Another steep sell-off in U.S. stocks sent the Dow Jones industrial average down more than 1,000 points Thursday for the second time in four days.

The Dow's plunge was the second-biggest ever in terms of points, while on a percentage basis, Monday's drop was the largest since August 2011, according to S&P Dow Jones Indices.

The latest drop in the Dow places the 30-company average into a "correction," what Wall Street calls a drop of 10 percent or more from an index's recent peak. It's the first correction in almost two years. The Dow's last peak was January 26.

The Dow's steepest one-day percentage drop came on "Black Monday" on October 19, 1987, when it fell 22.6 percent.

Here are the 10 largest point declines:

Date Close Decline in Points Decline in Percent
Feb. 5, 2018 24,345.75 -1,175.21 -4.6
Feb. 8, 2018 23,860.46 -1,032.89 -4.2
Sept. 29, 2008 10,365.45 -777.68 -7
Oct. 15, 2008 8,577.91 -733.08 -7.9
Sept. 17, 2001 8,920.70 -684.81 -7.1
Dec. 1, 2008 8,149.09 -679.95 -7.7
Oct. 9, 2008 8,579.19 -678.92 -7.3
Feb. 2, 2018 25,520.96 -665.75 -2.5
Aug. 8, 2011 10,809.85 -634.76 -5.6
April 14, 2000 10,305.78 -617.78 -5.7

___

Source: S&P Dow Jones Indices, FactSet

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
WSHM
Powered by WorldNow CNN
All content © 2018, WGGB/WSHM; Springfield, MA. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.