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The Dow's losses amount to roughly 3%, or more than 1,500 points, in the past nine trading sessions. The index has fallen from a record close of 45,014 on Dec. 4 to 43,499 as of Tuesday's close.
The Dow, which had been up nearly 100 points, ended the day almost 500 points lower. The VIX volatility index spiked more than 7% Wednesday, peaking at about 3 pm ET before falling back somewhat.
The Dow closed 331 points lower, or 0.9%. The S&P 500 was down 0.6% and the Nasdaq Composite dropped 1.1% as lackluster earnings results from Salesforce ( CRM ) worried investors.
On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June 2020. [15] [16] The S&P 500 had the worst results since 2008, with a decline of 19% for the year. [17] The Nasdaq Composite fell 33%. [18] However, the indices reached many record highs in 2024. [19]
US indexes slumped on Wednesday, with the Dow dropping as much as 600 basis points in the early morning as traders took a mixed-bag of inflation data.
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points. The largest point gain (+2,113) occurred on March 24, 2020.
The Dow jumped 700 points and the Nasdaq gained more than 2% as investors cheered encouraging inflation data and a strong start to earnings season. ... Bitcoin could drop 17% from its current ...
The Dow managed to narrowly snap a 10-day losing streak, giving up most of its earlier gains to end slightly higher after Wednesday's 1,100-point drop.