Tuesday, September 16, 2008

CNBC: Markets Nearing a Top 10 2-Day Drop

Ariel Nelson of CNBC gives some historic perspective of the market downturn in the past two days:

With the markets down again today, here are the top ten 2-day percent and point moves for the major indices. If the Dow [.DJIA 10896.02 -21.49 (-0.2%) ] closes down more than 23 points today, it would reach a top 10 point move. The S&P [.SPX 1189.49 -3.21 (-0.27%) ]would need to close down less than 1 point to reach a top ten status. The Nasdaq [COMP 2173.55 -6.36 (-0.29%) ] is far from a top ten 2-day point or % move.


Here are the charts Nelson prepared in his blog:

Dow - biggest 2-day point drops:

Date Points
4/14/2000 -819.363
9/18/2001 -702.111
10/27/1997 -686.621
9/17/2001 -684.814
3/12/2001 -649.993
8/31/1998 -626.927
7/22/2002 -624.912
10/19/1987 -616.35
3/7/2000 -571.162
9/20/2001 -527.19

Dow - biggest 2-day % drops:

Date Percent

10/19/1987 -26.17
10/29/1929 -23.62
10/20/1987 -18.06
11/6/1929 -15.13
7/21/1933 -14.36
10/28/1929 -12.97
3/14/1907 -11.90
10/10/1932 -11.78
7/20/1933 -11.42
5/14/1940 -11.40

S&P - biggest 2-day point drops:

Date Points

4/14/2000 -109.86
8/31/1998 -84.98
3/12/2001 -84.6
10/27/1997 -73.72
10/19/1987 -73.02
1/4/2000 -69.83
10/1/1998 -62.63
7/22/2002 -61.71
4/13/2000 -60.08
9/18/2001 -59.8

S&P - biggest 2-day % drops:

Date Percent

10/19/1987 -24.50
10/29/1929 -21.78
7/21/1933 -16.81
10/20/1987 -16.29
11/6/1929 -14.66
7/20/1933 -13.36
9/14/1932 -13.22
5/14/1940 -12.59
5/31/1932 -12.52
11/12/1929 -11.57


NASDAQ - biggest 2-day point drops

Date Points

4/14/2000 -448.4
4/4/2000 -424
4/12/2000 -418.6
4/11/2000 -390.5
4/13/2000 -379.2
3/30/2000 -376
3/14/2000 -342
7/28/2000 -324.7
3/15/2000 -324.6
3/29/2000 -313.9

NASDAQ - biggest 2-day % drops

Date Percent

10/20/1987 -19.33
10/19/1987 -14.75
4/14/2000 -11.90
3/12/2001 -11.31
12/20/2000 -11.16
8/31/1998 -11.10
10/26/1987 -11.08
1/2/2001 -10.40
4/12/2000 -9.99
10/27/1987 -9.78

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