The stock market took a beating on Monday, Feb. 5, as major benchmark indexes endured hearty declines to record-setting point losses.
The Dow Jones Industrial Average met the closing bell lower by 1,175 points, or 4.6%. The S&P 500 finished Monday trading down 4.1%, and Nasdaq handed over 3.8%. Here are five important stats from S&P Dow Jones Indices to shed more light on where Monday's selloff stands in the annals of stock market history.
Hat tip to S&P Global for the stats.
On the S&P 500, Monday was the 127th worst decline in index history in terms of percentage loss. The drop was the worst since a 4.1% decline on Dec. 23, 1931. The worst percentage decline ever for the S&P 500 was on Black Monday, Oct. 19, 1987, when the index crumbled 20.47% in one trading session. The second-worst decline by percentage drop came in Oct. 1929, when the index fell 12.34%.
By point decline terms, Monday's 113.19-point tumble was the S&P 500's worst in history, and the worst since a 106.62-point drop on Sept. 29, 2008.
On the Dow Jones Industrial Average, the 1,175-point decline was the worst in the index's history since 1896 in point terms. Monday's drop easily eclipsed the 777-point decline on Sept. 29, 2008, at the onset of the financial crisis.
But the Dow's percentage drop is only the 100th worst decline in a single day in its history. The worst remains Black Monday in October 1987, when the blue-chip index shed 22.61% of its value in one trading session.