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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 severity of the crash sparked fears of extended economic instability [3] or even a ...
On Oct. 19, 1987, the Dow Jones industrial average plummeted 22.6% in what would later become known as Black Monday.The causes of the crash are still debated to this day, but the severity of its ...
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 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 ...
On the morning of October 20, 1987, a United States Air Force A-7D-4-CV Corsair II, serial 69-6207, piloted by Major Bruce L. "Lips" Teagarden, 35, was en route to Nevada via Tinker Air Force Base, Oklahoma, after departing Pittsburgh International Airport earlier in the day. At 9:11 a.m., Teagarden notified controllers at Indianapolis ...
On August 16, 1987, a McDonnell Douglas MD-82, operating as Northwest Airlines Flight 255, crashed shortly after takeoff from Detroit Metropolitan Airport, about 8:46 pm EDT (00:46 UTC August 17), resulting in the deaths of all six crew members and 148 of the 149 passengers, along with two people on the ground.
The October 1987 crash hit stock markets around the world, but Hong Kong was hammered especially hard. On Monday, October 19, the city's benchmark Hang Seng index fell 11 per cent, a slump that prompted stock exchange chairman Ronald Li to suspend trading for the rest of the week “to protect the investor”.
A counted few market analysts expect a spooky October as solid earnings, revenues and management outlook will help the stock market gain traction in the near term. Specter of October 1987 Fails to ...