Monday’s 6.66 percent drop for the S&P 500 was the index’s biggest drop since December 1, 2008. In fact, not a single stock in the 500-stock index managed a gain by the end of the day.
The plunge was just the 16th time since 1950 that the S&P 500 has dropped more than 6 percent in a single day. But what has happened after such a big one-day drop? There might be some hope for investors after such a large selloff – at least in the immediate near-term: