- Stocks tumbled on Monday.
- The Dow is set to have its biggest one-day point drop in history.
- Previous large one-day drops include several days during the financial crisis, and the first trading day after the September 11, 2001 terror attacks.
The stock market took a tumble Monday afternoon, with the Dow Jones industrial average briefly dropping over 1,500 points.
As of 3:55 p.m. ET, the Dow was down around 1,065 points, and is set to be the biggest single-day point drop in the index’s history.
The current holder of that dubious honour is September 29, 2008, when the Dow dropped 777.68 points after the first version of the TARP bailout program failed in Congress. The 2008 financial crisis also featured three of the other five biggest drops. The third biggest drop came on September 17, 2001, the first day of trading after the 9/11 terror attacks.
Here are the 10 biggest one-day point drops in the Dow’s history before today: