Dow Jones drops 800 points in worst day for the stock market since June

(Image credit: Spencer Platt/Getty Images)

published 3 September 2020

The stock market's late-August recovery didn't last long.

Just a day after President Trump bragged about the Dow Jones Industrial Average closing over 29,000 points, it turned around and plunged as much as 1,000 points on Thursday before closing 810 down. A major tech selloff sparked the slump, which also hit the Nasdaq Composite and S&P 500 hard.

The Dow's drop was a 2.87 percent drop from the day before, settling it at 28,292 points. The S&P 500 fell 3.5 percent, or 126 points, to 3,455. And the Nasdaq slid 5 percent, or 598 points, ending up at 11,458. In all, it was the market's worst day since June. Big tech stocks were largely to blame, with Apple seeing a 7 percent drop, while Amazon, Alphabet, and Microsoft all falling around 5 percent. Thursday was the worst day for Apple and the tech sector as a whole since March.

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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.

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