The Dow Jones Industrial Average took a nosedive on Feb. 5, dropping 1,175.21 points to end the day at 24,345.75. That is the largest daily point drop in its history. Starting at 25,337.87 points, it dipped nearly 1,200 points just after 3 p.m., but rebounded just slightly before it closed for the day.
However, the largest daily percentage drop in Dow history was 22.61 percent in October 1987. The Feb. 5 point drop was a dip of 4.6 percent.
Here's how notable local stocks fared through the market dive:
Eli Lilly and Company: Down $3.69 to $77.49.
Anthem Inc.: Down $8.73 to $230.45.
Zimmer Biomet Holdings Inc.: Down $2.61 to $123.18.
Simon Property Group Inc.: Down $1.40 to $155.12.
Cummins Inc.: Down $5.30 to $179.01.
Finish Line Inc.: Down $0.42 to $10.15.
Genesco Inc. (owns Zionsville-based Lids): Down $0.65 to $32.50.
Duke Realty Corp.: Down $1.17 to $25.61.
Additionally, the NASDAQ ended the day down 273.42 points, finishing at 6,967.53. The S&P 500 Index ended down 113.33 points, finishing at 2,648.80.
The Dow point drop may be the largest ever, but experts say it should not cause panic. It is being viewed as a correction in response to its 1,900-point rise in the first 18 days of the year and the overall jump it's seen since President Donald Trump assumed office.
"This is not a panic," says Gary Kaltbaum, president of Kaltbaum Capital Management.
USA Today contributed to this story.
Andrew Clark is a digital producer for IndyStar. Follow him on Twitter @Clarky_Tweets.