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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 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.
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 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 ...
At a London club operated by St Phalle Ltd., members gathered to witness the chaos of the Wall Street crash unfold. Telephone operators, in direct contact with New York, relayed the latest stock ...
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. Oct. 19, 1987 was the day of the largest ...
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.
Wall Street crash of 1929 (October 24–29, 1929) Black Monday (1987) (October 19, 1987) Friday the 13th mini-crash (October 13, 1989) October 27, 1997, mini-crash; Economic effects of the September 11 attacks; 2007–2008 financial crisis; 2010 flash crash (May 6, 2010) August 2011 stock markets fall; 2020 stock market crash
However, the one-day crash of Black Monday, October 19, 1987, when the Dow Jones Industrial Average fell 22.6%, as well as Black Monday of March 16, 2020 (−12.9%), were worse in percentage terms than any single day of the 1929 crash (although the combined 25% decline of October 28–29, 1929, was larger than that of October 19, 1987, and ...