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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2 ]
Black Monday refers to specific Mondays when undesirable or turbulent events have occurred. It has been used to designate massacres, military battles, and stock market crashes. It has been used to designate massacres, military battles, and stock market crashes.
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.
Thursday marks the anniversary of Black Monday, when Wall Street had its worst single-day loss ever -- and no one saw it coming.
Stocks are falling fast on the 25th anniversary of Black Monday, the day the Dow Jones Industrial Average (INDEX: ^DJI) lost 23% in a single session. With 40 minutes left in trading, the Dow is ...
On October 28, "Black Monday", [17] more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 12.82%. [18] On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day ...
Wall Street looked to follow a global stock rout with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while ...
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed [1] following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. [2] It was the first time in history the United States was downgraded. [3]