October 27 - Stock markets around the world crash because of a global economic crisis scare. The Dow Jones Industrial Average follows suit and plummets 554.26, or 7.18%, to 7,161.15. The points loss exceeds the loss from Black Monday. Officials at the New York Stock Exchange for the first time invoke the "circuit breaker" rule to stop trading.
That was 1997. Why is that relevant? That was the last time the DOW Jones Industrial average was that low before today's close at 7114 pts.
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