Why The Dow's Fall Wasn't That Impressive (Historically)

Why The Dow's Fall Wasn't That Impressive (Historically)
Why The Dow's Fall Wasn't That Impressive (Historically)
Why The Dow's Fall Wasn't That Impressive (Historically) finance.yahoo.com

When put into perspective, Monday's tumble in Wall Street's iconic index wasn't that special.

Why the Dow's Historic 1,175-Point Plunge Isn't That Impressive by Sean Williams, The Motley Fool appering on the Yahoo! Finance, page he explains:

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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Read the source article at finance.yahoo.com


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