Dow sinks nearly 1,600 points in worst intraday drop in history

The Dow Jones industrial average fell 1,597 points — a 6.26 percent drop — during trading Monday afternoon, marking the biggest one-day point drop in history, according to CNBC.

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The Dow was still down 1,175 points at the closing bell after buyers charged back in and limited the damage.

Although the 1,597-point decline on Monday was the largest point drop during trading hours in history, the largest sell-off in percentage terms occurred May 6, 2010, when the Dow plunged 998 points, or more than 9 percent, according to CNBC.

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