Dow Plunges 1,175 Points, Worst One-Day Drop in History

Associated Press |

The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six-and-a-half years. Two days of steep losses have erased the market's gains from the start of this year and ended a period of record-setting calm for stocks.

On Monday:

  • The Standard & Poor's 500 index surrendered 113.19 points, or 4.1 percent, to 2,648.94.
  • The Dow Jones industrial average tumbled 1,175.21 points, or 4.6 percent, at 24,345.75.
  • The Nasdaq composite dropped 273.42 points, or 3.8 percent, to 6,967.53.
  • The Russell 2000 index of smaller-company stocks gave up 56.18 points, or 3.6 percent, for 1,491.09.

For the year:

  • The S&P 500 is down 24.67 points, or 0.9 percent.
  • The Dow is down 373.47 points, or 1.5 percent.
  • The Nasdaq is up 64.13 points, or 0.9 percent.
  • The Russell 2000 is down 44.42 points, or 2.9 percent.

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