The Dow's biggest single-day gains and losses in history | Fox Business
Published November 9, 2020 4:00pm EST
BIGGEST POINT LOSSES
3/16/2020: 2,997 points Selling accelerated during the final hours of trading this Monday as the coronavirus task force updated the nation on the crisis. In response to a question, President Trump said the crisis could extend until August.
The Dow Jones Industrial Average dropped 2,997 points or nearly 13 percent. The worst point drop on record and worst turn since the 1987 financial crisis.
The markets also ignored an emergency rate cut the prior Sunday in which the Fed cut rates to near zero.
3/12/2020: 2,352.60 Heavy and consistent selling turned this session into the Dow's worst day since Black Monday 1987. Investors kicked into sell mode despite a second liquidity boost from the Federal Reserve which did little to outweigh fears over the spreading coronavirus.
3/9/2020: 2,013.76 It was a manic Monday on Wall Street as the Dow, S&P 500 and Nasdaq Composite all dropped more than 7 percent. The catalyst was not only ongoing coronavirus cases but an oil price war between Russia and Saudi Arabia which sent oil down over 30 percent the worst drop since 1991.
6/11/2020: 1,861.82 One day after the Nasdaq Composite crossed the 10,000 mark for the first time ever and investors celebrated the Fed's commitment to keep interest rates near zero through 2022, investors had a change of heart and kicked into sell mode.
Instead, they focused on a slight uptick in cases of COVID-19 as well as Fed Chair Powell's comments that the economic rebound could be weak.
2/27/2020: 1,190 With just one trading day left in the month of February, which historically is strong for U.S. stocks, the Dow tumbled over 1,190 points with the bulk of the selling taking place in the final half-hour of trading.
2/5/2018: 1,175 2/8/2018: 1,033 February 2018 marked a shift for U.S. investors who had pushed U.S. stocks to fresh record levels. After several days of volatility, the Dow posted two of its worst point drops in history. Investors began mulling the reality that interest rates would, in fact, rise as the Federal Reserve promised to end its run of record-low interest rates. The Fed did make good on its promise, raising rates for the third time this year last month. Stocks rebounded amid that trend, notching new records.
2/24/2020: 1,031.61 Cases of the deadly coronavirus are spreading beyond China, to Europe, South Korea and the United States. While the disease is not being identified as a pandemic at this point by global health officials, investors are bracing for more cases and a possible hit the global economy.
3/5/2020: 969.58 Skittishness returned to the market as the health officials in both Washington and California declared a state of emergency because of the outbreak, which has infected at least 93,090 people worldwide and killed 3,198. In the U.S. the number of U.S. cases of COVID-19 climbed to 129 and the death toll ticked up to 11, including the first fatality outside of Washington state. The drop follows the second biggest point gain, 1,173.45 on March 4, after former Vice President Joe Biden bounced back in Super Tuesday voting.
9/29/2008: 838.55 The U.S. House of Representatives sent the market tumbling on this day after it rejected a $700 billion financial bank bailout package, stunning investors and forcing the U.S. government to take other measures to shore up the tanking economy.
10/10/2018: 831.83 Traders suggested rising U.S. bond yields may have sent investors to do some profit-taking. Large-cap techs also pulled back to the tune of 4 percent for the Nasdaq Composite. |
