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Dow's biggest daily point losses
While the largest point drop. Monday's drop ranks as the 14th worst day
ranked by percent, according to Dow Jones.
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NEW YORK (AP) — The losers included airline, insurance and entertainment stocks while defense issues were among the few winners when prices tumbled on Wall Street Monday, the first day of trading after last week's terrorist attacks. The selling, in record volume on the New York Stock Exchange, gave the Dow Jones industrials their biggest one-day point drop, 684.81, and left them below 9,000 for the first time in more than 2.5 years. The Dow closed at 8920.70, having suffered a 7.1% decline. Its nearly 685-point loss surpassed the previous record one-day point drop of 617.78, set on April 14, 2000. The last time the blue chips were below 9,000 was Dec. 3, 1998. The Dow also set a record for an intraday point decline, 721.56, beating the previous record of 721.32, also set on April 14, 2000. By percentage, however, the Dow's loss was less severe, ranking 14th and equaling less than a third of the biggest-ever percentage drop of 22.6% in the 1987 crash. The Nasdaq composite index fell 115.75, or 6.8%, to 1579.55, a level not seen since Oct. 14, 1998 when it closed at 1540.97. The Standard & Poor's 500 index, the broadest measure of Wall Street, declined 53.77, or 4.9%, to 1038.77.
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