A drop of more than 600 points in the Dow is very, very rare

A drop of more than 600 points in the Dow is very, very rare

The Dow Jones industrial common closed greater than 600 factors decrease Friday, solely the ninth time in historical past that has occurred.

The index posted a lack of almost 666 factors, its sixth-worst decline ever on a factors foundation.

The final time the index posted a drop of greater than 600 factors was June 24, 2016, the day after the Brexit vote.

The eight different instances the Dow closed greater than 600 factors decrease all passed off within the final 18 years. Half occurred in the course of the monetary disaster in 2008.

To make sure, because the Dow has soared over its almost 122-year historical past, level drops more and more symbolize a smaller share change. A roughly 666-point drop Friday was a decline of simply 2.5 % for the Dow. As just lately as 2016, a fall of 600 factors on the Dow marked an almost three.four % sell-off.