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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
The Dow Jones Industrial Average plunged about 5% shortly after U.S. markets opened. The blue-chip index clawed back much of those losses, but still ended the day down about 588 points. That was the eighth-worst single-day loss in the indexâs history, in terms of the number of points lost. It was the second straight trading day of landmark losses for the Dow. On Friday, it dropped 531 points, or 3.1%, its tenth-worst one-day point loss.