Whoah. What a rough day, and a rough week so far, for stock markets around the world. The Dow Jones Industrial Average index declined another 4.4% today. Yikes.
Oh, and here you go, CNN Business.
I corrected your sensational and misleading headline for you.
Black Monday in 1987 saw a decline of ‘only’ 508 points, but that was 22.6%. In one day. And in 2008, there were three days with declines around 700 points, which came to more than 7% each. The Dow Jones is an index, and since the point figure goes up dramatically over time, points cannot be used to compare declines with one another. Percentages must be used. It’s elementary school math.
