The stock market took a tumble Wednesday amid fears surrounding global growth, rising interest rates, and trade disputes.
The Dow closed down 831.83 points, the third-largest one-day point drop in its history.
The biggest one-day point drop came earlier this year. On February 5, the Dow fell 1,175.21 points. The previous holder of that dubious honor was September 29, 2008, when the Dow dropped 777.68 points after the first version of the TARP bailout program failed in Congress.
It’s worth noting that these are point drops and not percentage drops. As the Dow has gotten steadily higher over the last several decades, larger point drops translate into smaller percentage drops. Wednesday saw a 3.2% decline, which while far more tumultuous than we’ve seen in some time, pales in comparison to the 22.6% decline the Dow suffered on Black Monday in 1987, or the 12.8% drop experienced during the 1929 stock crash.
Here are the 10 biggest one-day point drops in the Dow’s history.
Business Insider/Andy Kiersz, data from Yahoo Finance
5 out of 10 are in 2018!