The New York stock market crash of 1987 happened 30 years ago when, on October 19, the Dow Jones Industrial Average (DJIA or the Dow) plunged by a then-record 508 points—a 22% decline in the index.
That wasn’t the largest down day in percentage terms in U.S. stock market history. That indignity belongs to December 12, 1914, when the Dow saw a decline of 24%. The stock exchange was shut in July of 1914 as World War I began—and it did not reopen until December 12 that year. By comparison, the notorious Black Tuesday crash of October 24, 1929, that preceded the Great Depression, saw stocks fall by only 13%. Read Full Article