Worst August Start Ever: Wall Street Crashes Nearly 7% With Dow Shedding 634 Points
Wall Street Crash Marks Worst August Start Ever — Gold Surges Over $1,720, The Dow Crashes 634 Points Losing 5.54%, The NASDAQ losing 6.9%, and the S&P 500 losing 6.66%.
Wall Street Stocks closed at their session lows with the DOW closing down 634 points to lose 5.54% closing at 10,809.85 marking the start of the worst August ever. The NASDAQ lost 174.72 points closing down 6.9% at 2,357.69 and the S&P 500 crashed 79.92 points losing 6.66% to close at 1,119.46.
Wall Street Market Crash Closing Quotes For August 8th 2011
Today’s Wall Street Crash Marked The Worst August With The DOW Shedding 634 points and the S%P 500 and the NASDAQ Crashing Over 6%.
This is the sixth biggest crash in history, as shown by this older Wikipedia table:
Largest daily point losses
Rank |
Date |
Close |
Net Change |
% Change |
|---|---|---|---|---|
| 1 | 2008-09-29 | 10,365.45 | −777.68 | −6.98 |
| 2 | 2008-10-15 | 8,577.91 | −733.08 | −7.87 |
| 3 | 2001-09-17 | 8,920.70 | −684.81 | −7.13 |
| 4 | 2008-12-01 | 8,149.09 | −679.95 | −7.70 |
| 5 | 2008-10-09 | 8,579.19 | −678.91 | −7.33 |
| 6 | 2000-04-14 | 10,305.78 | −617.77 | −5.66 |
| 7 | 1997-10-27 | 7,161.14 | −554.26 | −7.18 |
| 8 | 2008-10-22 | 8,519.21 | −514.45 | −5.69 |
| 9 | 2011-08-04 | 11,383.68 | −512.76 | −4.31 |
| 10 | 1998-08-31 | 7,539.06 | −512.62 | −6.37 |
| 11 | 2008-10-07 | 9,447.11 | −508.39 | −5.11 |
| 12 | 1987-10-19 | 1,738.74 | −508.00 | −22.61 |
| 13 | 2008-09-15 | 10,917.51 | −504.48 | −4.42 |
| 14 | 2008-11-05 | 9,139.27 | −486.01 | −5.05 |
| 15 | 2008-09-17 | 10,609.66 | −449.36 | −4.06 |
| 16 | 2008-11-20 | 7,552.29 | −444.99 | −5.56 |
| 17 | 2008-11-06 | 8,695.79 | −443.48 | −4.85 |
| 18 | 2001-03-12 | 10,208.25 | −436.37 | −4.10 |
| 19 | 2008-11-19 | 7,997.28 | −427.47 | −5.07 |
| 20 | 2008-11-12 | 8,282.66 | -411.30 | −4.73 |
Gold surged past $1720 per ounce.
Gold Surges Above $1,720 Per Ounce As Wall Street Crashed Nearly 7%
The latest headlines from CNN Money.
Sell-off speeds up
3:17PM: Stocks follow deep declines in world markets, as investors react to S&P’s move. More
- Bank of America plunges 14%
- Insurers whacked by downgrades
- Muni downgrades are next. But don’t panic
- U.S. Treasuries are still safe! Sorta
- Pimco stands by Treasuries
- Gold surges as investors seek safety
- Four companies left in the AAA club
- Day’s biggest losers – and a winner or two
- Dow 30 flooded with red – real-time quotes
- Oil plummets on global economic fears
- Fear index soars to 52-week high
- NYSE traders whipped by headlines
- Fannie and Freddie downgraded
- S&P: Washington criticism is a ‘smoke screen’
- Moody’s: Why we’re not downgrading U.S. yet
- How to get back to AAA
- Rating downgrade: Did S&P get it right?
- Europe’s band-aid fix won’t solve the crisis
- After the fall: Where to put your money now
