Black Monday () - Wikipedia

The selloffs eventually gave way to something of a rebound, but one that still left the market with one of the biggest one-day declines in recent memory. The blue-chip index clawed back much of those losses, but still ended the day down about points. That was the eighth-worst single-day loss in the index's history, in terms of the number of points lost.

It was the second straight trading day of landmark losses for the Dow. On Friday, it dropped points , or 3. The index lost more than 1, points over the course of last week, fueled by worries about China's economy and the prospect of Federal Reserve interest-rate hikes.

Going back even further, the third-largest single day decline for the Dow came on September 17, , the first day of trading after the September 11, attacks, which saw a point drop, or 7. The percentage changes from more recent losses may not be nearly as drastic as those seen from record-setting daily losses of the past, when the Dow was significantly smaller.

The 10 Biggest Drops in Dow Jones Industrial Average History

But there is no doubt the past week has been absolute hell on global markets. Fears over China's struggling economy , slumping commodity prices and uncertainty regarding the timing of the Fed's highly anticipated interest-rate increase have all combined to form the perfect storm to knock U.

Graphic by Stacy Jones.

The post and graphic have been updated to reflect Monday's closing prices. Fortune AMD Wants To Pound Intel With New Data Center Chips.

White House White House Plans to Negotiate Tax Overhaul Behind Closed Doors. By the time the market closed on Monday, August 24th, the Dow Jones Industrial had shed Chart by Stacy Jones. Customer Service Site Map Privacy Policy Advertising Ad Choices Terms of Use Your California Privacy Rights Careers.

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