Worst stock market drop ever

An overnight drop in Chinese stocks that triggered a circuit breaker under a new rule also pressured sentiment. At the end of the day, except for a few companies like Caterpillar, this really shouldn't have an impact on our markets," he said. Caterpillar managed to eke out a slight gain on the day as one of the few advancing Dow components. The major averages ended down more than 1. The Nasdaq composite underperformed with a decline of 2.

The Dow Jones industrial average closed about points lower. The index closed down 1. Earlier, the index fell points, or more than 2. In the close, the Dow held above the psychologically key 17, level after falling below in intraday trade for the first time since October.

Maybe some overreaction earlier to the news coming out of China. Oil still has a chance at a rebound," said Robert Pavlik, chief market strategist at Boston Private Wealth. Leading the global decline in stocks Monday, Chinese stocks plunged after Caixin manufacturing PMI showed continued contraction in that area of the economy.

The Shanghai and Shenzhen exchanges ended the trading session early after the CSI dropped 7 percent, triggering a circuit breaker. The halt was the first implementation of the new circuit breaker rule announced in September. Read More China's new circuit breaker may have worsened drop. December ISM Manufacturing Index was In intraday trade, the index fell more than 2.

That may be creating some levels for some selling going down," Peter Coleman, head trader at Convergex, said of the mid-morning decline in stocks. Read More Fed's Williams not too concerned over weak China data.

The Nasdaq composite closed below the psychologically key 5, level for the first time since Dec.

Apple eked out a gain of 0. Chinese e-commerce site JD. Amazon was the third-greatest decliner, down 5. It's not unusual to have an outsized reaction when you've got a base case that could be a tough year.

It's very hard to step in the way of that ," he said. European stocks closed sharply lower, with the German DAX falling more than 4 percent for its largest daily decline since Aug. The STOXX Europe closed about 2. Read More Mideast tensions adds to busy week for markets.

25 Of The Worst Stock Market Crashes In History

Saudi Arabia, the world's biggest oil exporter, cut diplomatic ties with Iran on Sunday in response to the storming of its embassy in Tehran. The protest followed Saudi Arabia's execution of a prominent Shiite cleric. Read More Saudi Arabia vs Iran: The oil war that isn't coming. Asian stocks declined, with the Nikkei falling 3. China's Shanghai composite lost nearly 6.

Traders also reduced positions in Chinese small caps ahead of the Friday cyber monday cosmetic sales of a six-month selling ban imposed on the major shareholders of listed companies, StreetAccount said. The Chinese yuan also weakened to hit its lowest since The iShares MSCI Emerging Markets ETF EEM closed down 2. The Deutsche X-trackers Harvest CSI China A-Shares ETF ASHR ended down 8.

Over the weekend, China reported manufacturing PMI that remained below the 50 level that indicates contraction. The official manufacturing PMI for December was Read More Don't expect a Netflix, Amazon repeat in online forex forex trading course forex trading sy21 Construction spending fell meilleur systeme de trading forex the first time in nearly one-and-a-half years, down 0.

The year and 2-year Treasury yields touched their lowest levels in more than a week before edging higher. The 2-year yield held near 1. Markets were closed Friday for New Year's Day. The Russell and Dow transports also had their worst year in seven. The Nasdaq composite ended more than 5.

The iPhone maker's stock turned in its first negative year since On Monday, the Dow Jones industrial average closed down Wal-MartApple and Caterpillar were the only components worst stock market drop ever ended higher. The Nasdaq composite closed down The CBOE Volatility Index VIXwidely considered the best gauge of fear in the market, held near About two stocks declined for every advancer on the New York Stock Exchange, with an exchange volume of 1.

Read More Early movers: San Francisco Fed President John Williams speaks on the implementation of macroprudential policies by central banks at the AEA Annual Meeting in California. Richmond Fed President Jeffrey Lacker speaks on the economic outlook for January at the Greater Raleigh Chamber of Commerce in Raleigh, North Carolina. Chicago Fed President Charles Evans speaks on economic conditions and monetary policy at the Wisconsin Economic Forecast Luncheon in Madison, Wisconsin.

10 Worst Single-Day Drops In Dow Jones History | HuffPost

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Register Log In Profile Email Preferences PRO Sign Out. Market Movers Dow 30 NASDAQ IQ Sectors World Heat Map US Americas Asia EU. Dow closes down triple digits, posts worst opening day in 8 years Evelyn Cheng chengevelyn. China drop weighs on markets. Dow plunges triple digits after China market rout.

China undergoing significant pivot: Vote Vote to see results. Not a Scientific Survey. Tweet This Earlier, the index fell points, or more than 2. US Treasurys rise amid equity sell-off. Yen rallies on global stock market rout. Gold jumps as stocks drop, Middle East tensions flare.

Read More China's new circuit breaker may have worsened drop U. Last Thursday, the Chicago PMI came in at Read More Fed's Williams not too concerned over weak China data The Nasdaq composite closed below the psychologically key 5, level for the first time since Dec. Dow futures were down more than points prior to the market open. Read More Mideast tensions adds to busy week for markets Oil turned lower after initially rising amid increased tension in the Middle East. The official services PMI edged higher to Read More Don't expect a Netflix, Amazon repeat in In other U.

Markit manufacturing PMI was The Dow transports closed down 2. On tap this week: Eli Lilly guidance onlySonic December light vehicle sales announced Wednesday Earnings: Monsanto, RPM International 7 a. ADP employment report 8: PMI services index 10 a. Factory orders and ISM non-manufacturing index Oil inventories 2 p. FOMC minutes Thursday Earnings: Challenger job-cut report 8: Natural gas inventories 2: Non-farm payroll, unemployment rate and average hourly wages 10 a. Wholesale trade 1 p.

Rig count 3 p. Fine-tuning your portfolio for the new year The Dogs of the Dow Are Instacart layoffs a sign of things to come?

List of stock market crashes and bear markets - Wikipedia

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