Global markets continue to take a major hit on word the coronavirus is spreading across the globe. President Trump, in response, appointed Vice President Mike Pence to lead the task force here in the U.S.
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The Dow Jones Industrial Average, on Thursday, dropped 1,190 points its worst single point drop in history amid heavy volatility on Monday.
|I:DJI||DOW JONES AVERAGES||25766.64||-1,190.95||-4.42%|
|I:COMP||NASDAQ COMPOSITE INDEX||8566.479823||-414.29||-4.61%|
FOX Business takes a look at some of the other biggest swings for the Dow 30.
12/26/18: 1,086 points
Driven by gains in the energy, retail and tech sectors, the climb marked the first time that the Dow has climbed more than 1,000 points in a single session. The single-day increase was also the Dow’s largest rise since 2008 when the market experienced extreme volatility during the financial crisis.
10/13/08: 936 points
The Dow soared this day after governments and central banks coordinated to pour money into markets in a bid to jumpstart a global economy frozen by the 2008 financial crisis.
10/28/08: 889 points
Just two weeks later, the Dow nearly set another single-day record on optimism that the Fed would cut a key interest rate. The rise occurred even as consumer confidence at the time reached its lowest level on record.
2/27/2020: 1,190 points
With just one trading day left in the month of February, which historically is strong for U.S. stocks, the Dow tumbled over 1,190 points with the bulk of the selling taking place in the final half-hour of trading.
2/5/2018: 1,175 points
2/8/2018: 1,033 points
February 2018 marked a shift for U.S. investors who had pushed U.S. stocks to fresh record levels. After several days of volatility, the Dow posted two of its worst point drops in history. Investors began mulling the reality that interest rates would, in fact, rise as the Federal Reserve promised to end its run of record-low interest rates. The Fed did make good on its promise, raising rates for the third time this year last month. Stocks rebounded amid that trend, notching new records.
2/24/2020: 1,031.61 points
Cases of the deadly coronavirus are spreading beyond China, to Europe, South Korea and the United States. While the disease is not being identified as a pandemic at this point by global health officials, investors are bracing for more cases and a possible hit the global economy.
9/29/2008: 838.55 points
The U.S. House of Representatives sent the market tumbling on this day after it rejected a $700 billion financial bank bailout package, stunning investors and forcing the U.S. government to take other measures to shore up the tanking economy.
10/10/2018: 831.83 points
Traders suggested rising U.S. bond yields may have sent investors to do some profit-taking. Large-cap techs also pulled back to the tune of 4 percent for the Nasdaq Composite.
FOX Business' Thomas Barrabi contributed to this report, which has been updated to reflect recent market moves.