Worst August Start Ever: Wall Street Crashes Nearly 7% With Dow Shedding 634 Points

Wall-Street-Crashes-Over-6-Percent

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

 

Categories: ECONOMY

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