May 6, 2010: The Flash Crash sees intraday drops of nearly 10%. Defining a Market Crash A stock market crash is characterized by a sudden and severe decline in stock prices across a broad index, such as the S&P 500 or the Dow Jones Industrial Average.
Stock Market Crash Date Dow Jones 12 Percent Drop
In response to the rapid spread of COVID-19, investors fled to safety, causing the fastest bear market in history, with the S&P 500 dropping 34% from its peak. This day saw billions of dollars evaporate as panic selling overwhelmed the exchanges, signaling the beginning of the Great Depression.
The date of May 6, 2010, is known for the Flash Crash, where the Dow briefly plummeted nearly 1,000 points in minutes before recovering. When people ask about the date of the stock market crash, they are usually referring to the infamous event that reshaped global finance and altered the trajectory of the 20th century.
Stock Market Crash Date Dow Jones 12 Percent Drop
Following the "Roaring Twenties," where speculation ran rampant, the market began to falter in late September. The most iconic of these events is Black Tuesday, which occurred on October 29, 1929, marking the devastating climax of the Wall Street Crash of 1929.
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