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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [2]
The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of ...
19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the ...
The crash on October 19, 1987, Black Monday, was the climactic culmination of a market decline that had begun five days before on October 14. The DJIA fell 3.81% on October 14, followed by another 4.60% drop on Friday, October 16. On Black Monday, the DJIA plummeted 508 points, losing 22.6% of its value in one day.
On this day in economic and business history ... Shell-shocked investors swarmed the streets in front of the New York Stock Exchange after the close of trading on Oct. 19, 1987. Some cracked jokes.
Oct. 19, 1987 was the day of the largest one day stock market drop in history -- and then-real estate investor Donald Trump claimed to have seen it coming.
The subsequent stock market crash on October 19, 1987 (Black Monday) saw the index lose 20.47% of its value, its highest daily percentage loss to date. [3] Falling to 230.30 by November 1987, the index would take until July 26, 1989, to recover to its pre-crash high of 336.77.
As the stock market continues to sell off, Investopedia shared an inside look at how investors are reacting. Caleb Silver, Investopedia Editor-in-Chief joins Yahoo Finance's On The Move to discuss.