The Dow Jones Industrial Average suffered another dramatic selloff Wednesday, dropping more than 1,000 points after the Federal Reserve left interest rates unchanged while oil prices climbed toward $85 a barrel, reigniting concerns that inflationary pressures could remain elevated.
While a four-digit loss grabs headlines, recent market history suggests these steep declines have often followed a familiar pattern. According to CNBC's analysis, the Dow has closed down by more than 1,000 points nine times over the past five years. In many cases, the immediate aftermath brought additional weakness before the market eventually staged a meaningful recovery.