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Nov.06
4:52 PM ET
Thursday, 6 Nov 2008
Largest two-day point Drop in the Dow's History
Topics:Stock Market
Companies:United Technologies Corp | Exxon Mobil Corp | Chevron Corp | IBM | Boeing Co
The Dow Jones Industrial Average tumbled 443.48 points today to settle at 8695.79, down 4.85% for the day. Weak retail sales from some major retailers along with a negative earnings outlook by Cisco, the largest maker of networking technology, reignited concerns over the health of the economy; fueling another sell-off in Wall Street. In the past two days, the Dow has fallen 929.49 points, marking its biggest two-day point drop ever.
Top 10 Two-day Consecutive Point Declines
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The Dow has declined 9.66% in the past two days, marking its largest two-day percent drop since October 20, 1987.
Top 10 Two-day ConsecutivePercent Declines
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The top five companies impacting the Dow today were:
] ] ] ]]Click here to see the S&P 500 top ten 2-day largest moves.
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