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Last week's Dow plunge was historic

Last week's Dow plunge was historic
Wealth Advisor1 min read

It's been quite the wild ride for the markets as of late.

The Dow Jones plunged by about 10.5% between August 19 to August 25, exacerbated by China's "Black Monday."

In light of these crazy up-and-downs, the analysts at Morningstar (via StockTwits) shared a chart showing all the periods since 1976 when the market fell by more than 10% in five trading days.

It's only happened five times before this recent swing, with some coinciding with major events such as the 9/11 attack and the 2008 financial crisis.

"This correction will be in the history books," StockTwits tweeted. "Seriously."

Check them out below.

s&p losses stock crash

Morningstar

But on Tuesday, global markets are getting smoked again. Dow futures are down 355 points, S&P 500 futures are down 43 points, and Nasdaq futures are down 99 points.

This story was originally published by Morningstar.

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