On which date did the Dow fall 777.68 points during the 2008 financial crisis?

The Dow Jones Industrial Average fell 777.68 points on September 29, 2008, during the global financial crisis.

At the time, it was the largest one-day point decline in the Dow’s history. The fall followed the U.S. House of Representatives’ rejection of the Emergency Economic Stabilization Act, commonly associated with the proposed $700 billion Troubled Asset Relief Program. Investors feared that the rescue effort would fail.

The market drop occurred after the collapse or rescue of several major financial institutions, including Lehman Brothers, which filed for bankruptcy on September 15. Credit markets were severely strained because banks and investors were uncertain about losses tied to U.S. mortgages and complex financial products.

Point records depend on the index’s level, so they do not compare directly with percentage records. A later decline eventually exceeded this record in points, but the September 29 session remains a landmark day of the 2008 crisis.