History was made on Wall Street this afternoon -- though it was the type of historical event that tempts investors to crawl into bed and pull the sheets over their heads.
When the closing bell sounded on Wall Street, the iconic Dow Jones Industrial Average(DJINDICES: ^DJI) had tumbled 1,175.21 points, or 4.6%, to close at 24,345.75. The 1,175-point drop in the Dow marks the index's largest single-day point decline since its formation in 1896. It also follows Friday's 666-point loss, which had been the sixth-largest decline (now seventh) in the history of the Dow.
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