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Biggest 1-day drops for the Dow Jones industrial average

At one point the Dow was down as much as 1,600 points.

Posted: Feb. 5, 2018 9:24 PM

NEW YORK (AP) -A steep sell-off in U.S. stocks sent the Dow Jones industrial average down more than 1,000 points Monday, erasing its gains for the year.

At one point the Dow was down as much as 1,600 points. The Dow's plunge was the biggest ever in terms of points, but on a percentage basis, it was only its 100th worst single day drop, according to S&P Dow Jones Indices. It had a larger percentage drop as recently as August 2011.

The Dow's steepest percentage decline was on "Black Monday" on October 19, 1987, when it fell 22.6 percent.

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