As it currently stands, the decline of 7.8% in the S&P 500 ranks 15th in terms of one-day losses going back to 1927. Below we highlight the 20 largest daily drops in the index sorted by decline and date. As shown, today is set to be the biggest drop since October 26th, 1987.
Update: the final tally for the day has the S&P 500 down 8.79%, making it the biggest decline since Black Monday in 1987.
What's more useful is how the market has performed in the days, weeks, and months following these declines.
Posted by: ra | September 29, 2008 at 06:33 PM
what are the twenty biggest S&P 500 years? The exact opposite of the chart?
Posted by: claud | September 30, 2008 at 03:13 PM