The Dow Jones Experiences The Largest Single Day Drop

The Dow Jones plummeted today.

#BreakingNews: The Dow Jones Industrial Average was down 1,597.08 points, the steepest intraday point drop in history. pic.twitter.com/DPs1kEngEo

— FOX Business (@FoxBusiness) February 5, 2018

BREAKING: DOW PLUNGES 1500+ POINTS https://t.co/IWU26VtpSz pic.twitter.com/ranXsbUrNe

— CNBC (@CNBC) February 5, 2018

Just for some perspective…

The Dow Jones fell 1,500 points today

The previous largest single day fall was 778 points in 2008

— Edward Hardy (@EdwardTHardy) February 5, 2018

U.S. stocks plunged Monday — with the blue-chip Dow Jones Industrial Average tumbling more than 1,100 points, a one-day record — as investors extended the market’s selloff on Friday.

Monday’s plunge came after the Dow dropped 666 points on Friday.

Bond yields remained higher with the 10-Year Treasury hovering at 2.84%. Volatility, as measured by the VIX Index, spiked to a reading of 21, the highest since November 2016.

All 10 of the S&P 500’s largest sectors were lower. While energy, healthcare and financial stocks posted the steepest declines.

Now, I’m no stock market guru, but those who are say that this was kind of expected. Because the stock market has had such a long stretch of growth, it was going to readjust itself at some point. They say this is simply the market correcting itself. Nothing to completely panic over.

Feel the thrill of the stock market! pic.twitter.com/tPndVDVlkw

— Ben Shapiro (@benshapiro) February 5, 2018

Tweeted when Dow was exploding higher, sticking by it nowhttps://t.co/T4d8JOBeKU

— David Burge (@iowahawkblog) February 5, 2018

Note: you didn't actually lose money when the stock market dropped unless you sold your stock while it was dropping.

— Ben Shapiro (@benshapiro) February 5, 2018

“Let me be precise — since the stock market reached its low in March of 2009, just two months after President Obama took office, the S&P 500 has more than tripled.” https://t.co/KQKltR9xLi #NEVER https://t.co/KNay8Lx3SK

— Guy Benson (@guypbenson) February 5, 2018

I’m vry happy that the stock mrket is down. Minor corrections are normal. For all of us using dollar cost averaging to invest in our 401-K’s & IRA’s this is good news. We get to buy more shares of our mutual funds in the next pay period. The fundamentals of our economy are solid.

— Jeff Pendley (@jeffpendley) February 5, 2018

Just keep in mind, DOW & S&P500 gains under Trump were all Obama’s doing. But now that market averages are down Trump better start explaining himself

— Harry Khachatrian (@Harry1T6) February 5, 2018

Liberals: “Trump can’t take credit for the Dow Jones tremendous increase, it was Obama’s economy.”

Liberals Now: “It’s Trump’s fault.”

Liberals in the Future as Dow Increases after Correction: “It was Obama all along!”

— Ricky Vaughn 2.0 (@RapinBill) February 5, 2018

Guarantee it.

h/t The Right Scoop