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us stock marketThe crash was apparently caused by a response to a information story of a $6.75┬ábillion leveraged buyout deal for UAL Corporation, the mother or father company of United Airlines, which broke down. When the UAL deal fell by way of, it helped trigger the collapse of the junk bond market causing the Dow to fall a hundred ninety.58 factors, or 6.91 percent. On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 factors, a 22.6{2d035d5f5e3d9777664adaa2f27f47318f0d285e8ce18c3af744c7f8f28e3b6c} loss in a single day, the second-greatest one-day drop the trade had skilled. Black Monday was adopted by Terrible Tuesday, a day … Read More

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