Black Friday was one of the worst days in US stock market history. On Oct 19, 1987 the Dow Jones Industrial Average plunged by an astonishing 22.6% in the session wiping out billions in market value.
If the Dow were to fall the same percentage on Monday it would lead to a loss of 7,024 points !
While most investors know about this Black Monday, not many may were aware of this fact: Despite the huge one day decline, the Dow ended the year 1987 with a gain of 2%.
Source: Financial Flashback, Oct 10, 2022, WSJ
Related ETF:
- SPDR Dow Jones Industrial Average ETF (DIA)
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