The Dow Just Had Its Biggest Drop Since 1987: Here's Why
The Dow Jones Industrial Average (DJINDICES: ^DJI) finished today down 2,353 points, its worst decline in point terms ever. Even when you look beyond points, however, today's drop still ranked among the top percentage declines for the Dow in its history. Its drop of just shy of 10% was the worst decline in more than 30 years, when 1987's Black Monday stock market crash lopped more than 22% off the benchmark.
Only three days in stock market history have seen greater percentage declines for the Dow. Apart from 1987, the two consecutive days of double-digit percentage drops that made up the 1929 market crash were the only ones to outshine Thursday's plunge.
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Source Fool.com
