The 5 days the Dow swung 1,000 points

In a wild year for stocks, five days stand out as the craziest of 2018.On February 5, 6, 8 and 9, and...

Posted: Jan 2, 2019 3:20 AM
Updated: Jan 2, 2019 3:20 AM

In a wild year for stocks, five days stand out as the craziest of 2018.

On February 5, 6, 8 and 9, and on December 26, the Dow traded in a 1,000-point range or more. That's only happened eight times in history. The fact that five of those days took place this year tells you everything you need to know about 2018.

Banking, finance and investments

Business, economy and trade

Financial markets and investing

Securities trading

Stock markets

Economic indicators

Economy and economic indicators

Stock indexes

February 5: Biggest decline in history

The Dow closes 1,175 points lower, the first time in history the Dow falls by more than 1,000 points. It could have been much worse.

Just before 3 pm the Dow is down 600 points. Then, in the span of just 10 minutes, the Dow falls 800 more points. At its trough, the Dow is down 1,597 points — the most points the Dow has ever fallen in a single trading day.

By the time the market closes at 4 pm, the Dow recovers slightly.

Investors react negatively to the jobs report from earlier in the day, which shows paychecks creeping higher. That worries investors that the Federal Reserve will have to hike rates faster than expected.

February 6: Mirror-image drop and gain

The Dow plunges 567 points at the open, briefly sinking into correction territory — a drop of 10% from its record high.

Exacerbating the decline was the outright collapse of the XIV, then the most popular inverse volatility fund on the market. After spiking 188% during the historic calm of 2017, It loses almost 100% of its value before the market opens.

But the Dow's losses quickly vanish, and the index ends the day with a mirror-image gain of 567. It is the Dow's biggest daily point increase since August 2015 and, at the time, the fourth-largest in history.

February 8: Another 1,000-point plunge

For the second time in a week, the Dow plunges more than 1,000 points, putting the index back into a correction.

The 10-year Treasury yield, a decent indicator of inflation fears, briefly hits a four-year high. The VIX, a measure of market volatility, nears its highest level since August 2015.

The Dow finishes the day down 1,033 points.

February 9: More big swings

Capping off a week of violent volatility, the Dow rises as much as 500 points and falls as much as 500 points. It finally settles 330 points higher.

The S&P 500 briefly moves below its 200-day moving average, a key measure of market health that could have triggered more selling. Still, the Dow falls about 5.2%, or 1,300 points, on the week — the worst weekly decline in two years.

December 26: Biggest point increase in history

On the day after Christmas, there's not a lot of news to drive markets. President Trump is in Iraq to visit service members. There are no major economic data points for investors to chew on.

So the Dow has its biggest day ever, rising a stunning 1,086 points — a 5% rise. The Nasdaq hurtles 5.8%, pulling out of bear market territory. The S&P 500 also soars 5%. All but one of 505 stocks in the S&P 500 end the day higher.

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 36578

Reported Deaths: 2258
CountyConfirmedDeaths
Marion10188604
Lake3876207
Allen181071
Cass15919
Elkhart158528
St. Joseph135838
Hendricks120478
Hamilton119194
Johnson1125113
Madison60061
Porter56233
Clark53942
Bartholomew53139
LaPorte44824
Howard44236
Tippecanoe4344
Jackson4012
Delaware39741
Shelby39722
Hancock35427
Boone32436
Floyd31941
Vanderburgh2913
Morgan28626
Noble27821
Montgomery24917
Clinton2471
White2399
Decatur23132
Grant22923
Dubois2113
Kosciusko2052
Harrison19622
Marshall1872
Henry18512
Vigo1828
Greene17226
Dearborn17122
Monroe17113
Lawrence17124
Warrick16729
Miami1461
Putnam1427
Jennings1324
Orange13122
LaGrange1282
Scott1263
Franklin1168
Ripley1086
Daviess10416
Carroll952
Wayne906
Steuben902
Wabash812
Newton8010
Fayette797
Jasper741
Jay580
Clay533
Randolph523
Rush513
Fulton511
Washington501
Pulaski500
Jefferson491
Whitley453
DeKalb451
Starke423
Perry390
Huntington382
Sullivan371
Wells350
Owen341
Brown331
Benton320
Knox310
Blackford272
Tipton261
Crawford250
Adams231
Switzerland220
Spencer221
Fountain222
Gibson202
Parke180
Posey160
Martin140
Warren131
Ohio130
Vermillion100
Union100
Pike60
Unassigned0180

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 37758

Reported Deaths: 2357
CountyConfirmedDeaths
Franklin6323295
Cuyahoga4789265
Hamilton2811171
Marion268832
Lucas2329263
Pickaway209938
Summit1529181
Mahoning1486191
Butler97532
Columbiana89453
Stark803102
Montgomery73417
Lorain73061
Trumbull60052
Belmont44915
Warren40721
Medina37624
Tuscarawas3714
Ashtabula36938
Miami36730
Delaware36014
Portage33557
Lake32512
Clark3237
Fairfield3188
Wood30649
Geauga30334
Wayne29651
Licking27110
Mercer2278
Richland2224
Allen22133
Clermont2195
Darke19023
Erie18416
Madison1647
Washington11819
Crawford1184
Morrow1081
Ottawa10717
Greene1065
Putnam9514
Sandusky9112
Monroe8015
Auglaize773
Hardin730
Ross732
Hocking705
Jefferson672
Huron611
Williams581
Holmes573
Union561
Muskingum561
Hancock531
Coshocton480
Wyandot482
Clinton471
Shelby473
Fulton450
Logan430
Fayette410
Preble391
Guernsey382
Carroll353
Defiance342
Brown311
Lawrence301
Highland291
Champaign281
Seneca262
Knox251
Ashland230
Vinton212
Perry191
Athens181
Scioto180
Henry170
Jackson150
Paulding140
Adams111
Harrison100
Pike90
Gallia81
Van Wert70
Meigs60
Noble60
Morgan50
Unassigned00
Fort Wayne
Clear
61° wxIcon
Hi: 86° Lo: 54°
Feels Like: 61°
Angola
Clear
57° wxIcon
Hi: 82° Lo: 54°
Feels Like: 57°
Huntington
Clear
59° wxIcon
Hi: 84° Lo: 55°
Feels Like: 59°
Decatur
Clear
64° wxIcon
Hi: 87° Lo: 55°
Feels Like: 64°
Van Wert
Clear
63° wxIcon
Hi: 86° Lo: 55°
Feels Like: 63°
Sunny Sunday
WFFT Radar
WFFT Temperatures
WFFT National

Community Events