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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 first known use of the phrase was attributed by a pair of writers in The New York Times to a 1998 Associated Press story, "Black Monday for NFL Coaches". [12] The term is also sometimes used in reference to the day following the annual NFL Draft where players' contracts may be terminated once new players are added to a roster. [13]
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 October 28, "Black Monday", [18] 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%. [19] 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 ...
Black Friday falls on Nov. 24, 2023. When is Cyber Monday 2023? Cyber Monday is on Nov. 27, 2023. This article originally appeared on Nashville Tennessean: When is Black Friday 2023? Kick-off to ...
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 ...
As "Black Monday" in the NFL spurs more coach firings ... He gave Pederson a vote of confidence after a 1-4 start and did not make a move after Jacksonville suffered its greatest deficit ever in a ...
1987 Black Monday – One of Jones' earliest and major successes was predicting Black Monday in 1987, tripling his money during the event due to large short positions. [ 17 ] In 1987, betting on a crash in the United States stock market Jones' Tudor' returned 125.9 percent after fees, earning an estimated $100 million.