Shouldn’t we be looking at percentage changes? Naturally, there would be larger point changes as the total market cap of the entire market goes up over time
Shouldn’t we be looking at percentage changes? Naturally, there would be larger point changes as the total market cap of the entire market goes up over time
Exactly right. Otherwise we have to argue that 18 of the 20 worst days in economic history happened in the last 3 years, far surpassing the crashes of 1929 or 1987.
I agree. Sorted by percentage: 2025-04-04 is #7 (−5.50%) and 2025-04-03 is #12 (−3.98%)
It’s 6th (yesterday) and 7th (today) by rate.
Only within the table of 20 largest point drops. Neither even makes the table of 20 largest percentage drops (which is above).
This metric will be irrelevant shortly. Better to start looking at weekly, monthly, annual declines. No doubt it will soon make this page: https://en.wikipedia.org/wiki/List_of_stock_market_crashes_a...
The article has both, but then we could also look at percentage change in a time span longer than a day or shorter. Those lists are arbitrary but Trump has added to this list two days in a row.
As a price-weighted measure, even a percentage drop is not that comparable over time.
for derivatives traders, points is good enough, given how options prices are calculated
but yeah, it is a red herring in an industry that’s obsessed with hyperbolic phrasing