In the past week, the stock market has suffered through two of the worst single-day point drops in history.

Bad economic news has left the New York Stock Exchange engulfed in doubt. And then there're the downgrade of the United States' credit rating and ever-increasing worries that the country is headed for a double-dip recession. Despite the steep market drops of late, however, they do not even make the top 20 for percentage declines because trading volume is so much larger than in the past.

Consider Black Thursday and the other historic days leading up to the Great Depression when as much as a fifth of the Dow Jones Industrial Average stock index disappeared in a day. Fears that the country is headed for a double-dip recession, coupled with mounting concern that Spain and Italy will slump deeper into the European debt crisis, sparked the worst sell-off since the recession began.

The Dow slid The month of October was one of the worst in New York Stock Exchange history, with three of the top 10 largest single-day drops ever recorded during the month.

The ninth-largest drop was sparked by increasing fears of a global recession. Weak corporate profit forecasts, including a worse-than-expected loss from bank Wachovia. Slightly more than a month before an official recession would be declared, the Dow closed with a point loss, shedding 5.

Big losses in the Asian markets throughout the night prompted a big sell-off in the U. For the first time in history, trading at the New York Stock Exchange was halted mid-day after the market nosedived, triggering a "circuit breaker" that timed-out trading for 30 minutes.

The circuit breaker rule was created to prevent another snowballing selling-spree such as the one on Oct. But even after the time-out, stocks continued to fall, triggering another hour-long circuit breaker when the Dow dropped points. With less than an hour left in the trading day, the market closed early.

The Dow closed with a loss of At the turn of the century, the technology sector was booming and the tech investment bubble was growing. But a warning from the Fed that inflation might rise faster than expected sent a sobering shock through the market, in effect bursting the tech-bubble and causing the Nasdaq, a technology-heavy stock index, to clock its worst day ever with points, or 10 percent, lost.

The day was only slightly better for the more diverse Dow Jones Industrial Index, which lost points, or 5. Monday's market drop clocks in as the sixth worst in history. The Dow lost The downgrade sent shockwaves through stock markets around the world. In the year between the high and the Oct.

The steep one-day decline came after news that the auto sales were set to hit record lows for the year and continue to decline throughout That day General Motors stock fell 31 percent and Ford lost 21 percent. After a year of profuse job loss, stagnant wages and declining production, the National Bureau of Economic Research officially declared that the United States was in a recession and was not expected to grow again for at least a year.

The news caused stocks to fall around the world, a market reaction that was coupled by the bubbling Euro zone debt crisis involving Greece, Ireland, Spain and Italy. In New York, the Dow shed points, or 7. The worst terrorist attack in U. When the markets opened the following Monday.

The Dow’s 10 largest single-day point losses - The Boston Globe

Airline stocks saw some of the steepest declines and the Dow Jones transportation average fell points, or The market did not react fondly when President George W. Bush announced that the U.

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The day after Bush's announcement, the Dow shed points, dropping nearly 8 percent, and earning the day the No. When home values started to slide to binary option jobs in israel free worst prices since the Great Depression, the value of trillions of offline data entry jobs from home in kolhapur worth of mortgage-backed securities plummeted, draining banks largest stock market drops in history their cash.

As a result, banks were in dire straits. Lehman Brothers filing for bankruptcy and the Fed bailed out insurance giant AIG. But it was the failure of the House to pass a bank bailout bill that sparked panic in the stock exchange. Sections Sections Top Stories Watch U. Live Live Senate Intel Committee hearing on Russian interference in election Latest on the Brussels terror attack FBI holds news conference on congressional baseball shooting US House meets for Morning Hour Senate Judiciary Committee hearing on immigration and gangs Former Homeland Security Sec'y Johnson testifies on Russia interference TSA Nominee testifies at confirmation hearing Soon: House Speaker Ryan holds news conference British MPs debate Queen's speech 'Mind Over Madness' yoga class in Times Square Dow Jones Industrial Average More Privacy Policy Your CA Privacy Rights Children's Online Privacy Policy Interest-Based Ads Terms of Use Contact Us Yahoo!

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List of stock market crashes and bear markets - Wikipedia

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