Black Monday


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Related to Black Monday: Black Friday, Black Tuesday

Black Monday

Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987.

Black Monday

October 28, 1929. The date of one of the large stock market crashes that presaged the Great Depression. While the Great Depression had already begun in some areas, Black Monday, which followed Black Thursday, showed that the crash of the previous week was not a one-time event and helped mark the end of the speculative bubble that had characterized most investing in the 1920s. Black Tuesday followed the next day. The Great Depression contributed to the formation of most regulation still in force today.

Black Monday

A widely used reference to October 19, 1987, the day the Dow Jones Industrial Average dropped a record 508 points, or nearly 23%. Disarray in the financial markets resulted from a combination of trade deficits, budget deficits, and potential government regulation of mergers and issuance of junk bonds.
References in periodicals archive ?
There's so much going on that it's difficult to separate "Black Monday's" sharpest moments from its constant throwaway lines.
Last month marked Black Monday's 30th anniversary, the day the Dow plummeted 508 points, the equivalent of 5,000 points today.
"Although everyone was calling it Black Monday and we were seeing trillions of dollars knocked off prices, it doesn't mean there's a recession coming," he said.
The Black Monday hashtag (#BlackMonday) was trending worldwide on Twitter at 6:30pm local time, including in the United States, United Kingdom, Saudi Arabia, Germany and Russia.
I remember Black Monday. I was a 26-year-old assistant city editor for the Pine Bluff Commercial.
"Two years of the day the parliamentary democracy in Macedonia died, standing here next to this Black Monday memorial, we wish to say that we are going to put a stop to the government's intention of completely destroying freedom of speech, democracy, and freedom of choice," SDSM leader Zoran Zaev said.
One ream, they agreed, is that the public has become concerned about free-for-all financial activities which brought about *'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. That may be why rock band Parikrama's 21st anniversary concert at Striker's pub in Gurgaon was attended mostly by a mix of students and young entrepreneurs.
So how did former Lehman's bankers, most of whom have since landed well-paid jobs, mark the -anniversary of Black Monday? By swilling pink champagne in a London bar.
Quiz of the Day ANSWERS: 1 The Golden Fleece; 2 Eisteddfod; 3 Black Monday; 4 Excalibur; 5 Kolkata (Calcutta); 6 Chris Evans; 7 Ailsa Craig; 8 Blue; 9 A machine-woven silk picture; 10 Sex And The City..
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.
October 19, 1987, or Black Monday, saw the second largest one-day percentage drop in stock market history.