Black Monday 1987: How Currency Tensions and Automated Trading Crashed Wall Street
10 Articles
10 Articles
Over the weekend, fears of another historic stock market crash spread across social media. On Monday morning, the reality looks completely different.
Today, 39 years ago, the stock exchanges broke in just one day by more than 20 percent. It seemed to come out of the blue.
Author:Alexandru Eduard Balaci A day when confidence has turned into panic Monday, October 19, 1987, financial markets have experienced one of the most dramatic days in their history. Dow Jones Industrial Average indices, one of the main indicators of the American stock exchange, lost 508 points, i.e. 22.6% of its value in a single meeting.
On this day, October 19, 1987, the US stock market experienced the largest one-day percentage decline in its history. In just a few hours, the panic wiped out hundreds of billions of dollars in market value and showed how quickly investor optimism can turn into a global financial crisis. Monday on Wall Street started as a day that would [...] The article Black Monday: The day Wall Street lost a fifth of its value in hours appeared first on BIZli…
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