This week marks the 30 year anniversary of Black Monday, the day the stock market lost 23 percent of its value in just six and a half hours.
On Black Monday, the stock market plunged 22.6 percent.
So there has been all kinds of volatility on Wall Street lately — triple digit ups and downs. Well, consider this: 27 years ago yesterday, October 19, 1987, was ‘Black Monday.’ The Dow was off 22 percent that day which came out to 508 points. The next day, known as ‘Terrible Tuesday,’ nearly caused the New York Stock Exchange […]
The markets tumbled Friday, but the declines were nothing compared to the Black Monday crash of Oct. 19, 1987. The Dow Jones shed 22 percent -- the equivalent of a 3,000-point drop today.