Dow Suffers Largest One-Day Point Decline on Intraday Basis Ever

The Dow Jones dropped more than 1,000 points Monday morning before rebounding.
It was the largest one-day point decline on an intraday basis ever.

Hat Tip Anthony

The Wall Street Journal reported:

The Dow Jones Industrial Average briefly plummeted more than 1,000 points on Monday, marking the index’s largest one-day point decline ever on an intraday basis, as intensifying growth fears sparked steep stock-market losses world-wide

The blue-chip benchmark dropped as much as 1089 points before paring some of its losses. It was recently down 464 points, or 2.9% , to 15991.

The S&P 500 dropped 58 points, or 2.9% , to 1913, entering correction territory. The Nasdaq Composite fell 128 points, or 2.7% , to 4576.

At noon Eastern the Dow is still down 473 points.
dow down

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