The tighter labor market and rising wages prompted investor fears of higher inflation and the possibility that the U.S. Federal Reserve would raise interest rates faster and higher than they have in recent years. Below are some of its worst crashes and corrections”

On October 19, 1987—almost 58 years to the day after the Wall Street crash at the start of the Great Depression in 1929—the Dow Jones Industrial Average lost a stunning 22.6 percent, falling 508 points to close at 1,738.74. (Photo: Drew Angerer, Getty Images)

The Dow Jones industrial average suffered its biggest one-day point drop in history, plunging 1,175 points on Monday and giving back all its 2018 gains as a flash-crash-style drop intensified a free fall in stocks that began last week.
The Wall Street stock market sheds 4.6% of its value, with the Dow Jones Industrial Average dropping a record 1,175 points at close. At one point during the day, the benchmark index loses a record 1,579 points.