Markets suffer biggest point declines in history
FOX Business’ Deirdre Bolton breaks down the day’s financial statistics as the Dow, S&P and Nasdaq are on track for worst week since 2008.
U.S. equity futures are pointing to another large drop in shares, deepening an global rout after Wall Street endured its biggest one-day drop in nine years.
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The major futures indexes are indicating a decline of 1.7 percent, or more than 400 Dow points.
This follows the largest one-day decline for the Dow Jones Industrial Average in history as stocks fell for a sixth day.
|I:DJI||DOW JONES AVERAGES||25766.64||-1,190.95||-4.42%|
|I:COMP||NASDAQ COMPOSITE INDEX||8566.479823||-414.29||-4.61%|
The Dow plunged 1,190.95 points, bringing its loss for the week to 3,225.77 points, or 11.1 percent. To put that in perspective, the Dow's 508-point loss on Oct. 19, 1987, was equal to 22.6 Percent.
The S&P 500 fell 4.4 percent to 2,978.76 and is 12 percent below its high. Its six-session skid since the record marked the fastest-ever descent into a correction from an all-time high.