The Latest: 1,000 point moves in Dow are becoming routine

NEW YORK (AP) — The Latest on the action in the financial markets (all times local):

10:35 a.m.

There’s no end in sight to the turbulence in the stock market.

Investors were experiencing the latest twist Wednesday, with the Dow Jones Industrial Average down 900 points, or 3.7%, after an hour of trading. That follows the biggest loss since 2008 on Monday and a significant rebound Tuesday.

If the Dow closes with a loss of 1,000 points — or a gain given the dramatic intraday moves the market has seen — it would be the seventh such move since the stocks hit their most recent high on Feb. 19. Before then, the Dow had only rose or fell 1,000 points three other times in history, all in 2018.

Granted, swings of 1,000 points aren’t as dramatic given the high levels of the market. The biggest percentage move in the Dow remains the 22.6% drop on Black Monday in 1987. As far as points go, the move was just 508.

Categories: National & International News