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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 ]
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.
19 October 1987 – Black Monday (1987) Stock markets around the world crashed, shedding a huge value in a very short time. 29 September 2008 – Great Recession . Following the bursting of the Real estate bubble and the Financial crisis of 2007–08 , stock markets worldwide crashed, leading to the Great Recession .
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 ...
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 were program trading and illiquidity, both of which ...
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Société Générale’s Albert Edwards said that while some economists are expecting a soft landing his “view is that a recession still lurks.”
October 25 – 1987 World Series: The Minnesota Twins defeat the St. Louis Cardinals despite having the worst regular season win–loss ratio for a winner, a record they hold until 2006. October 26 – The Dow Jones Industrial Average goes down 156.83 points; at the time it is the second largest decrease ever (trailing Black Monday).