Black Monday


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Related to Black Monday: Black Friday, Black Tuesday

Black Monday,

Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones AverageDow Jones Average,
indicators used to measure and report value changes in representative stock groupings on the New York stock exchange. There are four different averages—industrial stocks, transportation stocks, utility stocks, and a composite average of all three.
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 fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33 million shares, exceeded previous records. Among the possible causes were investors' anxiety about U.S. international trade and federal deficits and U.S. criticism of West Germany's economic policies, but the drop was greatly aggravated by the cascading effect of the automatic computerized selling of stocks interacting with the similar selling of stock-index futures triggered by computer programs using such futures to hedge against the fall in stock prices. Stocks throughout the world joined the slide. By mid-1988 the stock market had recovered, and the U.S. economy was largely unaffected by the crash.
References in periodicals archive ?
The Black Monday hashtag also gained traction on photo sharing mobile application Instagram.
Black Monday inspired Michael Lewis to leave Wall Street and write "Liar's Poker," followed by "Moneyball," "The Blind Side," "The Big Short," "Boomerang" and others.
2% following a wave of panic selling across the Atlantic on Wall Street - that became known as Black Monday.
GETTING the swish set to party on a Sunday night is always a bit of a chore given that it is a precursor to a black Monday.
In financial trading, October 19th 1987 will be forever remembered as Black Monday - the day that stock markets around the world crashed and the Dow Jones fell by nearly 23% in just 24 hours.
1987: Wall Street suffered Black Monday, when millions of pounds were wiped out in stockmarkets around the world.
amp;bull; US Dollar Dives as the House Votes Down Bailout Bill - Black Monday Part 2?
As we head into economic waters that remind us of the late 1980s and early 1990s, when some of us were selling with high inflation and can even remember trading through Black Monday, many businesses will need help from people who have seen it all before.
The Dow Jones industrial average plunged more than 360 points Friday the 20th anniversary of the Black Monday crash--as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors.
Greenspan views turmoil as identical to Black Monday crash: WSJ
Hundreds of students at Village Christian School wore black Monday as they mourned the deaths of two classmates killed in a car accident just hours before the school's football game last week.