The
Dow and Nasdaq Record Biggest One-Day Point Losses
The Dow Jones Industrial
Average and the Nasdaq composite recorded their largest ever
one-day point loss on Friday April 14th. The Dow plunged 617.78
points for a 5.66% loss. At its lowest point of the day the Dow
was off 722 points. The Nasdaq composite recorded a loss of 355.49
points a 9.72% loss.
The worst days for
the DJIA, in terms of points lost, including the perecntage change
in value:
| DATE | POINT LOSS | CLOSE | % CHANGE | |
| April 14, 2000 | 617.78 | to | 10,305.77 | 5.66% |
| Oct. 27, 1997 | 554.26 | to | 7,161.15 | 7.18% |
| Aug. 31, 1998 | 512.61 | to | 7,539.07 | 6.37% |
| Oct. 19, 1987 | 508.00 | to | 1,738.74 | 22.60% |
| March 7, 2000 | 374.47 | to | 9,796.03 | 3.68% |
| Jan. 4, 2000 | 359.58 | to | 10,997.93 | 3.17% |
| Aug. 27,1998 | 357.36 | to | 8,165.99 | 4.19% |
| Aug. 4, 1998 | 299.43 | to | 8,487.31 | 3.41% |
| Feb. 18, 2000 | 295.05 | to | 10,219.52 | 2.81% |
| Jan. 28, 2000 | 289.15 | to | 10,738.87 | 2.62% |
The worst days for the Nasdaq composite, in terms of points lost:
| DATE | POINTS LOST |
| April 14, 2000 | 617.78 |
| Oct. 27, 1997 | 554.26 |
| Aug. 31, 1998 | 512.61 |
| Oct. 19, 1987 | 508.00 |
| March 7, 2000 | 374.47 |
How did the leading money men do on Friday, April 14th? Here are some losers and a big winner: Losers include Bill Gates, III, chairman Microsoft Corp, $11.1billion; Charles Schwab, chairman Charles Schwab Corp., $2.6 billion; Jeffrey P. Bezos, chairman Amazon.com, $2.4 billion; Michael S. Dell, chairman Dell Computer Corp., $2.3 billion. Winner: Warren Buffett, chairman Berkshire Hathawat, $570 million.
