2 of 8
BACKNEXT
Oct. 15 - Biggest percentage decline since 1987
Oct. 15 - Biggest percentage decline since 1987
Dow closed at: 8,577.91
Change in points: -733.08
Percentage change: -7.87%

The Dow has lost nearly 35% so far this year, and on this single day, it lost nearly 8%.

It was the ninth largest percentage decline ever and the biggest percentage drop since October 1987.

The market was spooked that Wednesday by a series of gloomy economic indicators, including a report that showed retail sales suffered their biggest drop in three years.

A comment from San Francisco Federal Reserve President Janet Yellen, the night before, helped drive the point home, when she said that the economy "appears to be in a recession."

The knockout blow came from Fed Chairman Ben Bernanke, who warned that the U.S. economy will take some time to recover - even after credit markets return to normal.

NEXT: Nov. 5-6 - After Obama wins, Dow plunges
Last updated December 29 2008: 2:39 PM ET
More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.