One of the most severe stock market crashes ever, which occurred on October 19, 1987. The Dow Jones fell 22.6%, the largest percentage ever lost in one day, and it amounted to a loss of $500 billion of value for the stockholders. It has been nicknamed "Black Monday." There is no definitive explanation for why the stock market experienced this major crash on this date, but it is largely attributed to mass panic, and the influence of program trading.
Related information about stock market crash of 1987:
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In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time.
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Learn about Black Monday - the Stock Market Crash of 1987, when the stock market crashed 22.6% in just a few days.
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This article discusses the stock market crash of 1987, including the conditions leading up to the crash, Black Monday, possible causes, and recovery.
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A rapid and severe downturn in stock prices that occurred in late October of 1987. After five days of intensifying stock market declines, selling pressure hit a peak ...
- The Stock Market Crash of 1987 - University of Pennsylvania
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