Here's what the Dow drop means for you - News Summed Up

Here's what the Dow drop means for you


The Dow plunged nearly 1,200 points on Monday -- the single largest point drop ever. But it's critical to put this one-day drop in a broader perspective and keep your eye on the big picture. While a 1,000-plus point drop sounds scary, it's actually a smaller percentage of the market than previous one-day drops, thanks to Wall Street's recent run up. The Nasdaq closed down almost 4% on Monday while the Dow and the S&P 500 both declined more than 4%. Related: Dow has worst single-day point fall everThe stock market has been on an epic run: The Dow zoomed 25% higher last year and continued to rally into the new year.


Source: CNN February 05, 2018 23:11 UTC



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