Black Monday

Renowned cryptocurrency analyst Michaël van de Poppe warned Monday that Bitcoin (CRYPTO: BTC) could test the $70,000 level amid what he described as “Black Monday” panic selling, as global markets experience their worst selloff since March 2020. What Happened: “Black Monday,...

The recent global equity market meltdown is not primarily due to a shift in the U.S. economic outlook, but rather a result of investors winding down carry trades. What Happened: The sell-off was sparked by weaker-than-expected U.S. jobs data, causing Japan’s Nikkei index to experience its...

Although Halloween is six weeks past, the witches are out on Friday. It’s quadruple witching day in the markets, when the expiry of a number of derivatives contracts can have an unnerving impact on trading. Quadruple witching is the simultaneous expiry of stock options, index futures, index...

Thursday marks the 36th anniversary of the worst trading day in the history of Wall Street. On Oct. 19, 1987, the Dow Jones lost 22.6% in one single day, which is now known as "Black Monday." The market lost $500 billion that day and the S&P 500 surpassed 20% in losses. Today, some market...

The Dow Industrials has been on an extended runup despite the abounding headwinds, with analysts attributing the strength to the market's resilience and the Federal Reserve likely nearing the end of its rate-tightening cycle. What Happened: At least one economist is of the view the market rally may...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Oct. 19, 1987, the Dow Jones plunged 22.6% for its worst daily percentage drop in history. The day is now known as “Black Monday.” Where The Market Was: The S...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1996, Wall Street analyst Elaine Garzarelli made an ill-timed prediction that the U.S. stock market would crash 15 to 25%. Where The Market Was: The Dow Jones Industrial...

The United States futures contracts dropped early Friday, signaling an end to a three-day-long market rally. What Happened The drop in futures came as the United States surpassed China and Italy to become the worst-hit novel coronavirus (COVID-19) country. Nearly 86,000 COVID-19 cases were...

After another volatile open on Tuesday, the SPDR S&P 500 ETF (NYSE: SPY) is down 15% overall in the past month due to fears over the coronavirus outbreak and Monday’s collapse in oil prices. Investors are reaching the critical point in the sell-off at which they need to determine whether...

Trading was halted right after the Monday's opening bell on U.S. stock exchanges as the S&P fell 7%, triggering the automatic circuit breaker stoppage that was put in place after an earlier "Black Monday," in 1987 and updated after the 2008-2009 financial crisis. "Markets...

A few days after Black Monday, Greg Bruno was back in the pit, playing witness to a historic futures trade. A Shearson broker’s large, at-market sell order — “the stupidest order of all times,” allegedly made on behalf of George Soros — turned a $256 Tuesday close into...

By the time the dust settled that Monday in October, nearly $700 billion in market capitalization had been eradicated in what was then the biggest one-day point drop in in the Dow Jones Industrial Average’s history and tenth largest percentage drop since 1915. No, this isn’t the story...

The numbers spoke for themselves. 22.6 percent. 508 points. 604 million shares. They told the story of the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) nightmare that shook the markets 30 years ago. Delayed print media and TV news eventually lent context to the “Black Monday”...

The financial crisis in 2008 and 2009 resulted in some of the scariest and most volatile days in the history of the U.S. stock market. Yet even with all the chaos of the banking crisis, there wasn’t a single day in 2008 or 2009 as bad as October 19, 1987. This week marks the 30-year...

This weekend's Barron's features a special report that looks back at the Black Monday crash of 1987. Articles discuss whether a machine-driven meltdown could be imminent and a how investors can protect their portfolios now. Also, four Wall Street vets remember Black Monday and...