Major Indices Down 4% Over 2 Days
After a big rally last week, the Dow, S&P and NASDAQ are down big over the past two days. This is the first time since January 2003 that all three indices are simultaneously down over 3.5% in a two day period.
- Dow down 2.9% for the day, 3.8% over the past two days
- S&P down 3.2% for the day, 4.2% over the past two days
- Nasdaq down 3.1% for the day, 4.3% over the past two days
By the close of January 27, 2003, the Dow, S&P and Nasdaq were all down 4.5% over two days. The three major indices have only fallen 3% on the same day 24 times, the last time was one year ago on Feb 27, 2007.
Days with 3% Drops in Major US Indices