Drones Are the "Debutantes" of the Paris Air Show — and This Stock Is the Belle of the Ball. Leave a Reply Click here to cancel reply. Your email address will not be published. Sign me up for the Money Morning newsletter. Updated June 24, The Dow Jones Industrial Average plunged more than points to 17, George Soros has projected a Brexit will lead to a currency crash. As panic-inducing as this plummet may seem, today's slip isn't even half as big as the worst daily point drops in Dow history.

Here are the 10 largest one-day plunges ever in the Dow's closing value. These are not the largest changes during the trading day intraday. The biggest ever single-day crash on Sept. News that Wachovia which was acquired by Wells Fargo in had to sell its banking assets to Citigroup NYSE: C the same day didn't help, nor did the collapse of a number of European banks.

Amidst the subprime crisis, the Dow's second biggest single-day drop happened six days later on Oct. This time, recession talk fueled the 7. A weak sales report, bleak forecasts from the U.

Federal Reserve , and sober comments from Fed Chairman Ben Bernanke all contributed to the day's plummet. Which was still far off from the largest-ever percentage loss — Subprime financial crisis-related events that triggered the top two largest single-day Dow drops also account for the fourth, fifth, and tenth largest.

The Dow hit an at the time all-time high on Oct. The third-largest single day crash occurred on Sept. Trading resumed for the first time following the Sept. Wall Street suffered its worst drop since 's subprime crisis on news that the United States might lose its AAA credit rating.

The European debt crisis was also underway. This would be the sixth-largest daily point loss in Dow history. The seventh-largest daily point crash was caused by Fed fear. On April 14, , the government reported prices at the consumer level showed surprising strength the month before.

As a result, investors feared the Fed would aggressively raise interest rates. This rings eerily familiar to present-day market volatility caused by the Fed's decision to start scaling back its quantitative easing QE program. All the major exchanges posted huge losses, and collectively U. Interestingly, the Dow closed 30 minutes early that day because it'd reached "circuit breaker levels," according to the U. Securities and Exchange Commission. Volatility has certainly defined the markets in the early weeks of Join the conversation on Twitter on market volatility in , and be sure to follow MoneyMorning.

Click here to jump to comments…. How many sheep do you herd in your dribble? Oh no oh no the sky will turn blue!

Interesting article — the Dow experienced a similar drop today. However, some large cap stocks such as Facebook and Apple are rebounding from the market plunge. I am surprised that you left out Oct. Choose from the topics below to receive our money-making recommendations in real time.

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View Comments Start the conversation Leave a Reply Click here to cancel reply. Wei Sui April 27, what verbal scare mongering garbage. Jelani Smith August 24, Interesting article — the Dow experienced a similar drop today. Robert Lerner August 25, I am surprised that you left out Oct. Wong Tze Man September 27, Content very informative.

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