Dow Jones Industrial Suffers Worst Single Point Drop Ever, Dropping Nearly 1,200 Points
By Fox Business // February 27, 2020
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(FOX BUSINESS) – U.S. equity markets plunged into correction territory Thursday in what was another volatile session which followed President Trump’s announcement on Wednesday of a coronavirus task force.
The Dow Jones Industrial Average fell over 1,193 points, its worst single point drop ever, as selling accelerated into the close of trading.
The S&P 500 and Nasdaq Composite lost well over 4 percent apiece.
The early selling had all three major averages down at least 10 percent from their February peaks. Both the S&P 500 and the Dow Jones Industrial Average were on track for their sixth straight day of losses.
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