Record Drops in Dow

Dow Biggest Point Drops

Dow Jones Biggest Point Drops

Record Drops in Dow and S&P

Monday 09/29/08

Dow      10,365.45    -777.68  (-6.98%)

S&P         1,106.42    -106.85  (-8.81%)

All the major indexes were down more than 6% for the first time since 1998.

Prior to today, the biggest point drops for the Dow and S&P was after the 9/11 attacks in 2001.

The VIX (a volatility index closed at 46.72 Up 11.98 or 34.48%) was at levels not seen since 1998.

Dow biggest point drops

  • 9/17/01 down 685
  • 4/14/00 down 618
  • 10/27/97 down 554
  • 8/31/98 down 513
  • 10/19/87 down 508

S&P biggest point drops

  • 4/14/00 down 83
  • 8/31/98 down 70
  • 10/27/97 down 65
  • 9/15/08 down 59
  • 10/19/87 down 57

NASDAQ biggest point drops

  • 4/14/00 down 356
  • 4/3/00 down 349
  • 4/12/00  down 286
  • 4/10/00  down 258
  • 1/4/00  down 230
© 2008 CNBC.com

3 Famous Financial Quotes

Financial Quotes from Top Investors

Financial Quotes from Top Investors

Sir John Templeton  – said, “the best opportunities occurred at the time of maximum pessimism.”

Warren Buffet  – said, “be fearful when others are greedy and greedy when others are fearful.”

Baron Rothschild, who made his family fortune buying up property when the Protestants and the Catholics were slaughtering each other, said, “Buy when blood is running in the streets.”