FX.co ★ Dow Jones suffers biggest drop since 2008

As they say, what goes up must go down. After an impressive surge to record peaks during the past few months, the Dow Jones started a sharp slump. Earlier, the index was hitting one all-time high after another. Given the steep rise, the current decline can be called a record too. The plunge was the largest since 2008.

The Dow Jones was not falling alone; two other key indices followed the downward movement. The US stock market will remember this February for long. The S&P 500 lost 2.1 percent in a single day, closing down at 2,762.13. Its weekly decline made up 3.9 percent. The NASDAQ Composite tumbled by 2 percent to 7,240.95, losing 3.5 percent in a week. But the Dow Jones Industrial Average suffered the biggest decrease among them. On Friday, February 2, the Dow slid by 666 points, or 2.5 percent. Over the week, the blue-chip index sank by 1,095 points.

Statistics show that the Dow Jones rarely falls by over 600 points in a session. It is only the tenth case in the whole history of the US stock market. Experts believe that a correction in the market is an inevitable and ordinary event given the recent extraordinary growth.