Monday, November 23, 2015

Term of the Day: Black Monday

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November 23, 2015
Black Monday

October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning of a global stock market decline, making Black Monday one of the most notorious days in recent financial history. By the end of the month, most of the major exchanges had dropped more than 20%.

Breaking It Down:

Interestingly enough, the cause of the massive drop cannot be attributed to any single news event because no major...

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Related Definitions

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