Dow Recoils After Trump Trade Guru Dangles one hundred{2d035d5f5e3d9777664adaa2f27f47318f0d285e8ce18c3af744c7f8f28e3b6c} Tariff Threat
The crash was apparently brought on by a response to a news story of a $6.seventy five billion leveraged buyout deal for UAL Corporation, the parent company of United Airlines, which broke down. When the UAL deal fell via, it helped set off the collapse of the junk bond market causing the Dow to fall a hundred ninety.fifty eight points, or 6.ninety one {2d035d5f5e3d9777664adaa2f27f47318f0d285e8ce18c3af744c7f8f28e3b6c}. On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6{2d035d5f5e3d9777664adaa2f27f47318f0d285e8ce18c3af744c7f8f28e3b6c} loss in a single day, the second-largest one-day drop the … Read More